NVIDIA's stock experienced a slight downturn on Friday, dropping 0.66% to $202.78, a move attributed to a broader market rotation away from technology stocks. This decline occurred despite the company's strong underlying financial health, with reported sales of $216 billion over the last year and a 65% increase in GAAP net income, primarily driven by its successful data center and AI chip segments.
Further bolstering the company's positive outlook, reports emerged that the Chinese government might permit limited sales of NVIDIA's high-performance H200 AI chips, potentially opening a significant new revenue stream. Additionally, the stock's current valuation is considered relatively low compared to its historical levels and peers, which could attract investors ahead of the next earnings report scheduled for August 2026. An important related event is the Nasdaq listing of SK Hynix, NVIDIA's primary supplier for high-bandwidth memory, which began trading today.