NVIDIA to boost H20 chip sales to China
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Nvidia stock remains in focus on hopes that the chipmaker will soon resume business in China. Needham raised its price target on NVDA shares to $200 on Wednesday.
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Cryptopolitan on MSNNvidia plans to restart H20 chip exports to China but needs U.S. license approvalsNvidia informed its Chinese customers that H20 chip availability is constrained, according to The Information. The chipmaker announced this week it plans to restart H20 exports to China, pending U.S.
The Trump administration has dialed back aggressive measures against China and reversed its position on technology controls as the president angles for a Chinese trip later this year.
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.