Gains continue to be fueled by expectations that the Federal Reserve will cut interest rates multiple times next year, perhaps as early as March. Nvidia gained 0.9% after its CEO, Jensen Huang, said at a conference that the company has been working very closely with the U.S. government to create products that comply with its regulations—and can be exported to China. The chip maker has been a major beneficiary of the frenzy over artificial intelligence this year, but has recently come under pressure amid U.S.-China tensions, including fresh American export controls limiting sales of the most advanced chips to China.
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