Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

Key Points Nvidia stock has rallied impressively in the past three months, and trades at a premium valuation.Growth-oriented investors should consider looking past Nvidia's valuation in light of the opportunity.

The Dow Jones index rose Thursday on surprise jobless claims and retail sales. Nvidia chipmaker TSMC rose on earnings.

A2. TSMC's stock that trades in the United States rose 3.4 per cent. Other stocks involved in AI also climbed, and a 1 per cent gain for Nvidia was one of the strongest forces pushing upward on the S&P 500.

Nebius stock has soared impressively this year, and its rise seems justified considering its outstanding growth and solid prospects. Goldman Sachs believes that the stock remains undervalued when its growth potential is taken into account.

Nvidia's gain helped keep the Nasdaq Composite above water today, with the tech-heavy index climbing 0.2% to 20,677 – a new all-time closing high. However, the Dow Jones Industrial Average shed 1% to 44,023 and the S&P 500 fell 0.4% to 6,243 due in part to weakness in financial stocks.

US stock market closed for Tuesday and S&P 500, Dow Jones Industrial Average, and Nasdaq investors will keep close eyes on Tuesday as Nvidia stocks were the stand out performer.

Daniel Sparks and/or his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel and Nvidia. The Motley Fool recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy.

Key economic data are on tap early Thursday. The Nasdaq hit a record close Wednesday as stocks ultimately shrugged off a Trump-Powell report.