Nvidia Corp (NVDA) (NVDA:CA)
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Nvidia’s stock is surging in after-hours trading following a major development: the resumption of H2O AI chip sales to China, after receiving the U.S. government’s approval. This greenlight is a significant milestone, and investors are reacting positively, anticipating that the company’s stock could soon break through the $200 range for the first time in the near future, per recent analyst coverage updates.
Nvidia’s stock continues to receive strong backing from analysts, with a Consensus “Buy” rating and an average 12-month target price of $175 per share.
The approval not only boosts Nvidia’s revenue potential from one of the world’s largest tech markets but also strengthens its dominant position in the AI chip sector, positioning it well for future growth. As global AI adoption continues to soar, Nvidia stands to benefit from strong demand, making it a “Top Pick” for investors focused on the next phase of the AI revolution.
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It’s fascinating to see Nvidia potentially push toward the $200 mark, especially while the average analyst target still sits at $175. This might signal that the market is already pricing in future upside, possibly tied to AI growth beyond just the China deal.