US Approves Nvidia's Export of H20 Chips to China
Nvidia has received U.S. licenses to export its H20 chips to China, removing a major hurdle and potentially boosting its revenue and stock price. The company’s stock has already gained significantly this year, and the news, along with strong AI demand and upcoming earnings, suggests further upside. Wall Street maintains a strong buy rating on NVDA, with a modest upside target.