NVIDIA To Resume H20 AI Chip Sales To China
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Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?
Needham raised its price target on Nvidia's (NVDA) stock to $200 from $160 after the company announced that it hopes to resume sales of its H20 chips to China.
Indian retail investors ramped up US stock purchases amid global market volatility, with a strong tilt toward semiconductors, healthcare, AI, and small-cap ETFs. There was also a shift toward long-term,
KWEB’s gains reflect investor optimism that renewed access to Nvidia’s advanced chips. - Investing in China remains fraught with uncertainty.
Nvidia growth estimates to get a boost as the U.S. lifts chip export curbs on China, bringing the estimates 10% higher, says Gene Munster.
Turning $10,000 in $1 million implies 10,000% growth. Imagine $4 trillion increasing 10,000% and it becomes clear that this isn't something realistic for Nvidia stock.
Nvidia (NASDAQ: NVDA) proved naysayers wrong yet again as the company became the first one to hit a $4 trillion market capitalization. However, the market seems unsure today as NVDA stock is bouncing back and forth at that valuation, which may indicate that Wall Street is pricing it in as a ceiling.
China has leveraged its dominance over rare earths for Nvidia chips; however, this expert says world isn't decoupling, it is just bartering.
Nvidia just became the first company to reach a $4 trillion market cap. Analysts project Nvidia to grow earnings per share at high rates for several more years. It's difficult to find any companies that have benefited from the growth of artificial intelligence (AI) like Nvidia (NASDAQ: NVDA).