Nvidia took a $4.5 billion write-off in its latest quarter on unsold H20 chips that it was unable to repurpose for other markets. If sales of these high-volume chips to China resume, a reversal of this write-off could boost earnings.

Tech stocks were an outlier, though, and the Nasdaq composite rose 0.2% to set another record thanks to Nvidia, the market’s most influential stock.

The Nasdaq Composite was on track for a fourth-straight record close on Thursday, which would be the longest such streak for the index since Nov. 11, according to Dow Jones Market Data. The index was also on pace for its eighth record close of July,