NVDA is trading at $168, down from a 52-week high of $212, as the DOJ announced it dismantled a smuggling network that moved at least $160 million worth of H100 and H200 chips to China according to CNBC. Congress is now pushing for tighter export limits, putting the company between Washington and its biggest growth market. Nvidia was approved to sell H200s to China months ago but still has zero revenue from those sales.
Nvidia Stuck at $168 as DOJ Busts $160M Chip Smuggling Ring to China
NVDA trades at $168 as the DOJ dismantles a $160M chip smuggling network while Congress pushes for tighter export limits.