- NVIDIA stock has surged 10% in five days, boosted by U.S. clearance for Chinese firms to buy its H200 AI chip.
- CEO Jensen Huang joined President Trump’s delegation to China, raising hopes of unlocking NVIDIA H200 sales in the Chinese market.
- Wall Street turns bullish, with Wells Fargo raising its price target by 40%, projecting a potential rise to $300 this summer.
- The company’s strong Q1 product announcements and a projected $1 trillion in chip sales are driving investor intrigue.
NVIDIA stock is on a bullish run, climbing over 18% since mid-April as CEO Jensen Huang accompanied President Trump to a tech summit in China last week. This momentum was supercharged after the U.S. cleared around 10 Chinese firms to purchase NVIDIA‘s second-most powerful H200 AI chip.
Consequently, hopes are high that Huang’s surprise inclusion in the diplomatic trip, after an invitation from President Trump “picked him up in Alaska” according to a source, could resolve stalled efforts to sell the chips in China. Meanwhile, Wall Street has officially revised its forecasts, with Wells Fargo analysts raising their target and implying a 40% surge from the current price of $235.
This strong sentiment is further fueled by new products unveiled during NVIDIA‘s March GTC event, including its Groq 3 LPU. Huang projected at the time that sales of its Grace Blackwell and Vera Rubin chips could reach $1 trillion, a figure that has heavily intrigued investors.
Furthermore, NVIDIA is scheduled to report its fiscal Q1 earnings on May 20, with analysts expecting significant revenue amidst ongoing U.S.-China trade dynamics. Should Huang’s visit yield positive results and the earnings beat forecasts, shares breaching $250 by May’s end is a distinct possibility.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
