Nvidia Stock Nears Record High Amid China's US Chip Firm Probe

News Flash 2025-10-23 05:46

Nvidia's stock price has surged close to its all-time high of $196 as China intensifies its investigation into U.S. semiconductor companies. The probe, conducted by China’s Trade Remedy and Investigation Bureau, focuses on firms like Analog Devices and Texas Instruments, demanding detailed information on their operations. Although Nvidia is not currently under investigation, analysts warn it could be included if it resumes operations in China. The stock has maintained its position above key support levels, surpassing the 50-week and 100-week moving averages. Technical analysis suggests potential for further gains, with an initial target set at $200, indicating strong investor confidence despite geopolitical tensions.

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