From Yahoo Finance: 2025-06-16 12:19:00

Shares of Nvidia were close to all-time highs on Monday, driven by strong sales of AI chips to hyperscalers and countries building sovereign AI systems. Stock price hit $145, just below the high of $149.43. CEO attended events in Paris and Saudi Arabia.

Nvidia reported a $4.5 billion hit due to the Trump administration’s ban on chip sales to China, with an expected $8 billion write-down this quarter. Despite challenges, the company beat revenue expectations with sales of Blackwell chips and server equipment.

The company continues to expand into various areas, including sovereign AI, despite setbacks. For more tech news, sign up for Yahoo Finance’s newsletter or follow Daniel Howley on Twitter. Stay updated on the latest technology news impacting the stock market and financial updates from Yahoo Finance.

Read more: Nvidia stock closing in on all-time high