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AI cloud startup PaleBlueDot raised $150M to expand US and Asia operations, buying Nvidia GPUs amid strong demand and easing US export restrictions on Nvidia's AI chips to China.
Nvidia's stock rises as China signals potential approval for domestic firms to purchase its AI H200 chips, reducing regulatory uncertainties and boosting revenue prospects.
Jefferies raised Nvidia's price target citing strong revenue growth, favorable long-term outlook, and eased US export rules, despite some tariff risks and emerging competition in AI chips.