Nvidia closed Tuesday's trading session at $185.81, a gain of 0.47%. Trading volume reached 158.40 million shares, which was 16.51% below its three-month average of 184.56 million shares.
The U.S. government authorized Nvidia to export its H200 chips to China, according to a Reuters report. Meanwhile, the Chinese government stated it would only permit certain companies to purchase Nvidia's second most powerful AI chips. Nvidia went public in 1999 and its stock has grown 454,608% since its initial public offering.
The S&P 500 index slipped 0.19% to 6,963.74. The Nasdaq Composite eased 0.10% to finish at 23,709.87. Within the semiconductor sector, Advanced Micro Devices gained 6.39% to $220.97. Intel rose 7.33% to $47.29.
Nvidia posted modest gains against a backdrop of wider stock market losses. Both Washington and Beijing appear to have given approval for at least some H200 shipments. Nvidia will need to put the chips through U.S. third-party testing before any exports can occur. Chinese officials will only allow select local companies to use the chips.
At the recent CES tech conference, Nvidia launched its Vera Rubin next-generation AI data center architecture. The supercomputer promises more bandwidth and processing power.