Jensen Huang does not hide his frustration with U.S. chip policies. On Nvidia’s latest earnings call, the CEO said the $50 billion market for AI chips in China is now “effectively closed to U.S. industry.

Nvidia ( NVDA -2.85%) has been the top AI investment since the AI arms race kicked off in 2023. Over that time frame, Nvidia's stock has risen over 800%, turning every $10,000 invested into over $90,000. There aren't many stocks that can claim returns like that, let alone any that have grown to the size of Nvidia.

Nvidia results pleased investors and eased fears over China tariffs and separately a court ruled President Trump’s tariffs are illegal with the White House vowing to appeal and Elon Musk is officially done with DOGE.

Earnings helped lift the chip maker’s shares 3.2% Thursday.

Is Nvidia's explosive growth worth the premium, or does Alphabet offer smarter value? Get the facts on these top AI stocks before you invest.

Investors are embracing a “keep calm and carry on” attitude as Nvidia shows a healthy business outside of China, with big growth opportunities ahead.

Nvidia ( NVDA) stock dropped as much as 2% Friday morning after US President Trump claimed that China had “totally violated” an agreement with the US. The tech-heavy Nasdaq ( ^IXIC) fell 0.3%, while the S&P 500 ( ^GSPC) was down just 0.1% late Friday morning.

Read Investopedia's live updates on the AI chip giant's quarterly results, as well as the market reaction and comments from CEO Jensen Huang during the conference call with analysts.