NVIDIA to Resume H20 Chip Sales in China
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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.
US Commerce Secretary Lutnick states China is only receiving "4th best" Nvidia AI chip, H20, as part of a strategic move
Nvidia: H20 export reinstated, bolstering the $200 by this year-end bull case and reviving the China growth story.