Nvidia, China and stocks
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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.
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?
Nvidia (NASDAQ: NVDA) surged 4.04% on July 15 to close at $170.70, propelling the Nasdaq Composite to a fresh record high of 20,677.80.
The co-founder and CEO of Nvidia (NVDA) is heading to Beijing, where he will meet with senior Chinese officials, including the commerce minister, at the International Supply Chain Expo, Bloomberg reported,
Nvidia investors have been concerned about the loss of sales to an important market. The company announced it would resume AI chip sales to China after a pending approval from the Trump administration.
Three weeks ago, we recommended Nvidia stock and shorting out-of-the-money puts. Now, NVDA is near its target prices, and the short play is successful. What is the best play here?
Nvidia is poised to take advantage of growing demand for sovereign artificial intelligence, Citi analysts wrote Monday.
Even at record highs, Nvidia’s stock may not be as expensive as it is touted to be. Some valuation metrics suggest room for upside
A Citi analyst sees Nvidia’s stock rising another 20% as the AI opportunity swells further, but he notes the risk of potential new geopolitical restrictions ahead.
Nvidia shares jumped Tuesday morning after the AI investor favorite said it plans to resume selling one of its most popular chips to China. Monitor these key chart levels.