Shares of Nvidia Corp. were climbing 3% midday Tuesday, putting the company on course to becoming the most valuable U.S. public company by market capitalization yet again.

Let's take a closer look at Nvidia's results to see whether the stock still has a lot of growth left in the tank. The new export controls, which restrict Nvidia's ability to sell its chips in China, are expected to have a material impact on the company's revenue.

Nvidia stock was rising on Monday as investors adjusted to new tension about trade. Shares in the chip maker rose 1.2% to $136.73 in early trading. Nvidia last week reported strong earnings but it still faces a potential obstacle in a flare-up in trade tensions between China and the U.

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Nvidia reclaims top spot as the most valuable publicly traded company with a $3.45 trillion market cap, surpassing Microsoft.

Nvidia has overtaken Microsoft as the largest U.S. company by market value, regaining the throne that it forfeited during the AI-stock selloff in late January. Nvidia shares rose 2.9% during Tuesday’s trading.