By Rich Smith
Publication Date: 2026-05-15 14:25:00
Easy come, easy go.
Shares of AI superstar Nvidia (NVDA 3.70%) stock touched a new all-time high on Thursday after reports from the Trump-Xi summit in China confirmed the U.S. will permit Nvidia to sell H200 artificial intelligence chips to as many as 10 Chinese companies.
Now new reports are filtering out — and according to these, despite receiving permission to sell, no actual sales of H200 chips were made. Nvidia stock dropped 4% through 10:05 a.m. ET on the news.
Image source: Getty Images.
No news is bad news in China
WSJ broke the story this morning, quoting President Trump saying that the Chinese companies did not buy Nvidia’s chips “because they chose not to. They want to try and develop their own.” What’s more — and perhaps more to the point — Chinese authorities are reported to have not “authorized” the companies to buy Nvidia’s chips.
Granted, this may just be posturing on China’s part. Authorization may still be granted, and sales may emerge in days to come. Still, it doesn’t sound particularly propitious for Nvidia today, which is why the stock’s down a bit.
Today’s Change
(-3.70%) $-8.72
Current Price
$227.02
Key Data Points
Market Cap
$5.7T
Day’s Range
$224.30 – $230.00
52wk Range
$129.16 – $236.54
Volume
2.3M
Avg Vol
170M
Gross Margin
71.07%
Dividend Yield
0.02%
What’s next for Nvidia
And yet, I’d argue the lack of sales over a few-day timespan is more of a hiccup for Nvidia than even a speedbump — and far from a disaster. When you recall all the stories we’ve seen…
