Nvidia Stock Spikes To Record High On UAE Trade Approval

Nvidia (NVDA) stock surged to a record high on Thursday after the U.S. government gave final clearance for the company to export several billion dollars in AI chips to the United Arab Emirates. The Commerce Department's Bureau of Industry and Security recently issued the export licenses under a bilateral trade agreement reached in May, Bloomberg reported. As part of the pact, the UAE agreed to invest $1.4 trillion in the U.S. over the next decade. In midday trades on the stock market today, Nvidia stock ros ...