Nvidia (NVDA) shares rose 0.8% in overnight trading after a four-session slide. The Financial Times reported that Nvidia has told its cloud computing clients to scale back exposure to Chinese companies, requiring at least 51% of their services to be sold to customers outside China, though the rules apply only to future contracts. An Nvidia spokesman said America's AI infrastructure must win worldwide. Separately, Marvell (MRVL) agreed to buy Lumentum (LITE) in an all-stock deal valuing it at an implied enterprise value of $115 billion, and Nvidia had invested $2 billion in each company earlier this year. Nvidia reports third-quarter results on Nov. 17, while investors await AMD's quarterly report after the close on Tuesday.
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NVDAsemiconductorscloud computingChina
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NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/02/2026 | 202.06 |
| Change that session | -1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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