Apple to Use NVIDIA Blackwell GPUs for Siri; CEO Summoned by Senate on China Business
NVDA sits 56% above its 52-week low of $138.83.
Summary
NVIDIA has secured a major deal to supply its Blackwell B200 GPUs to Apple for Siri on Google Cloud, starting September 2026, a significant customer win validating demand for its next-gen AI chips. However, CEO Jensen Huang has been invited to testify before Senator Warren on June 11 regarding NVIDIA's China business and export compliance, introducing a new and material regulatory risk. The company also acquired Kumo AI for over $400 million to bolster its AI software stack and launched new products like the RTX Spark AI superchip for Windows PCs. This mixed news presents both substantial growth opportunities and notable regulatory challenges. The CEO's testimony on June 11 will be a key event to watch for potential impacts on NVIDIA's China operations.
At the time of this announcement, NVDA was trading at $216.31 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.3T. The 52-week trading range was $138.83 to $236.54. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Wiseek News.