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.

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 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.

Nvidia (NASDAQ:NVDA) received a price target boost from Needham on Wednesday as optimism grows over a potential restart of H20 chip shipments to China following U.S. export license assurances. Needham raised its target to $200 from $160 and reaffirmed a Buy rating,

Shares of Nvidia (NASDAQ: NVDA) were off to the races on Tuesday, climbing as much as 5%. As of 10:27 a.m. ET, the stock was still up 4.6%.

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

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.