NVIDIA (NVDA) shares remain to the point on Wednesday after the flea manufacturer said that the US government had offered insurance that it could soon resume its activities in China.
During his press conference today in Beijing, Jensen Huang, the director general of the NVDA, even said that he “hoped to obtain more advanced fleas in China than the H20”.
The Nvidia stock has experienced a meteoric rally in the last three months and is currently up 80% against its hollow in April.
Nvidia’s ability to resume sales in China is crucial for its future growth since Huang has previously groaned American export restrictions, warning of an additional $ 8 billion during the company’s July quarter.
In total, China represented around $ 17 billion or up to 13% of NVDA overall sales during its 2025 financial year.
The American reinsurances and the commitment of the Chief Executive Officer to sell even more fleas in China could therefore increase the future profits of the company and trigger an additional increase in the course of his shares.
In short, the relaxation of trade tensions eliminates a major overhang which is haunted from NVDA actions for months.
According to Needham’s analyst, N. Quinn Bolton, the expected restart of H20 expeditions to China and the recent remarks of Huang are a reason sufficient to take care of AI action.
On Wednesday, Bolton maintained its “buying” note on NVDA shares and increased the price target to $ 200, which indicates a potential of 18% of current levels.
Needham’s Haussier call on Nvidia’s actions arrives about a month before its release from the second quarter. The expectations are that the artificial intelligence company earns $ 0.95 on one part per share – largely greater than 65 cents it did in the same quarter last year.
What also deserves to be mentioned is that Needham is not the only company of Wall Street to bet on a continuous momentum in the stock of Nvidia despite its gathering of monsters since early April.
According to Barchart, the consensual note on NVDA shares is also currently at a “strong purchase”, with the average target of nearly $ 178, which indicates a potential of around 5% of here.
On the date of publication, Wajeeh Khan did not (directly or indirectly) have positions in any of the titles mentioned in this article. All information and data of this article are only for information purposes. This article was initially published on Barchart.com
