Nvidia reclaimed its post as the world’s most valuable company after the AI chip king delivered a “great” earnings report despite a “hurdle” from export restrictions to China.

CompanyOverview|NASDAQ:NVDA] There are high expectations for NVIDIA’s (NASDAQ: NVDA) Q1 performance ahead of the earnings release, but perhaps not bullish enough. The market is poised to surge 50% or more with a positive catalyst,

The major U.S. indices are on track to close the week, and month, higher. Before Thursday’s session, the S&P 500 and DJIA are up 1.5% and 1.2% this week, respectively, while the NASDAQ Composite has rallied nearly 2%.