Reported 2 days ago
Mizuho has raised Nvidia's (NVDA) price target to $192, up from $185, following announcements that the company may resume AI GPU shipments to China amid ongoing trade negotiations. This development marks a significant turnaround for Nvidia, which had predicted an $8 billion revenue loss due to prior restrictions. The upcoming Blackwell project aims to facilitate compliance with US shipping requirements, attracting interest from Chinese firms like ByteDance and Tencent. Despite recognizing Nvidia's potential, some analysts suggest other AI stocks might offer better investment opportunities.
Source: YAHOO