Nvidia: Record Market Cap, Chip Financing and Chinese Demand
Nvidia shares hit an all-time high and its market capitalization reached the largest level of any company. At the same time, reports emerged about financing for purchases of servers with Nvidia chips in China and the company's talks with insurers about transferring risks.
Sources
· 8Акции Nvidia достигли рекордного максимума, капитализация — $5,7 трлн
1Китайская госкомпания профинансировала закупку серверов Nvidia Blackwell
2Nvidia ведёт переговоры со страховщиками о переносе рисков финансирования ИИ-чипов
3Китайские акции упали до годового минимума на фоне снижения чиповых и оптических компаний
4Падение оценки Nvidia сигнализирует о сомнениях рынка в росте прибыли
5Прибыль Nvidia превзошла прогнозы, фьючерсы снижаются
6Минюст США расследует лицензионное соглашение Nvidia с ИИ-стартапом Groq
7Выручка Nvidia от сетевых решений приближается к $17 млрд на фоне роста ИИ-ЦОДов
8Key points
- Chinese state-owned company Semi-Tech Leasing Group financed the purchase of more than 700 servers, including 32 Asustek servers with Nvidia B300 chips.
- Nvidia held talks with insurers about transferring lending risks collateralized by its chips; the talks are at an early stage.
- China's CSI 300 index fell 2.4% to a yearly low because of declines in chip and optical companies amid reports that Beijing may allow purchases of Nvidia chips.
- Nvidia shares trade at a forward price-to-earnings ratio below 17, half the level of 2025.
What happened
Nvidia held talks with insurance companies about taking on risks of lending collateralized by its chips. The discussions include insuring losses on loans to cloud-computing startups if they default and the pledged chips cannot be resold to repay the debt. The talks are at an early stage and may not lead to deals.
Why it matters
Despite the record share price, Nvidia's forward price-to-earnings ratio has fallen below 17 — close to its lowest level in more than a decade. The multiple is half what it was in 2025, down from more than 25 times expected earnings as recently as May. Chip and optical component makers led the sell-off after reports that Beijing may allow purchases of new Nvidia chips and proposed U.S. sanctions against foreign optical manufacturers.
Who's affected
Chinese chip and optical component makers were among the leading decliners amid reports that Beijing may allow purchases of new Nvidia semiconductors. Insurance companies are discussing with Nvidia taking on lending risks to cloud-computing startups.
Previously
- Data center segment revenue rose 112% year over year, driving total revenue of $26.0 billion.
- Nvidia's networking business brought in nearly $15 billion last quarter, compared with about $3 billion a quarter two years ago.
- The U.S. Department of Justice is investigating whether Nvidia sought to avoid antitrust scrutiny when entering into a licensing agreement with AI startup Groq.
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