Nvidia's (NVDA) China Opportunity Reopens — Price Target Raised to $192 by Mizuho
The firm highlighted the US administration's announcement that Nvidia and other AI accelerator providers may resume shipments of AI GPUs, as part of ongoing trade negotiations. The firm highlighted that this is a major win for the company. Previously, Nvidia had anticipated an $8 billion revenue impact in the July quarter due to shipment restrictions.
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There is also an upcoming Blackwell project aimed at meeting US requirements for shipments to China in the later part of the year, which the company stands to benefit from. Owing to these policy changes, Chinese customers are already applying for licenses to receive the H20 chips, Mizuho noted. ByteDance and Tencent are two to name.
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, providing high-performance GPUs and platforms that power data centers, autonomous vehicles, robotics, and cloud services.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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