NVIDIA Chips See 100%+ Black Market Surge in China Amid Export Controls
NVDA sits 38% above its 52-week low of $145.5.
Summary
The headline reports NVIDIA's fiscal 2026 revenue grew 65% and its P/E is 19.3x. However, the more significant new information is a reported surge of over 100% in black-market prices for NVIDIA chips in China, driven by strong demand and U.S. export controls. This follows recent reports of record Q1 FY27 revenue and strong guidance. The black market activity highlights persistent, high demand for NVIDIA's advanced chips in a key restricted market, underscoring the critical nature of its technology despite official sales limitations.
At the time of this announcement, NVDA was trading at $200.66 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.8T. The 52-week trading range was $145.50 to $236.54. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.