Why Nvidia’s China Comeback Could Propel Its Stock To New Heights
Needham analyst N. Quinn Bolton maintained a Buy rating on Nvidia (NASDAQ:NVDA) and raised the price forecast from $160 to $200 on Wednesday.
Nvidia is preparing to resume shipments of its H20 GPUs to China after the U.S. government approved export license filings, according to CEO Jensen Huang, Bolton noted. The green light comes after April’s export controls blocked $2.5 billion in H20 shipments during fiscal first-quarter 2026 and halted another $8 billion in scheduled deliveries for fiscal second-quarter 2026, the analyst said.
Also Read: Nvidia Outpaces Market With AI-Powered Growth, Nears Record Highs
Nvidia had already generated $4.6 billion in H20 revenue before the license requirement took effect and recorded a $4.5…
