Quick overview

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NVIDIA (NVDA) stock is currently trading between $188 and $190 per share.  Intraday trading reportedly fell as low as $178.92 before rising to a high of $190.19. This puts it below the $200 mark, reflecting a recent decline from levels above $200 observed in late October and down from a 52-week high of $212.19.

China used to account for 13–20 percent of NVIDIA’s revenue, but export restrictions severely restrict the company’s ability to sell cutting-edge AI chips to that market.

Important developments include the White House’s confirmation on November 4 that sales of NVIDIA’s flagship Blackwell chips to China would not be authorized. There are “no active discussions” on Black, according to CEO Jensen Huang, despite reports by November 6–7 that the US would block even scaled-down versions like the B30A.

Restrictions on China-specific chips, such as the H20, resulted in multi-billion-dollar fines earlier in 2025. The g. $5.5 billion in Q1), inventory write-offs, and anticipated quarterly revenue declines of $2–5 billion.

These restrictions are a result of Beijing’s push for domestic alternatives, which is exacerbated by US national security concerns about China’s possible use of cutting-edge AI for military purposes (from Huawei) and sporadic countermeasures, such as discouraging local businesses from purchasing NVIDIA products.

Despite short-lived thaws ( temporary licenses or revenue-sharing agreements in the middle of 2025), the overall result has been a nearly complete shutdown of high-end sales to China, which has occasionally caused volatility and a decline in NVIDIA’s market capitalization below $5 trillion.