NVIDIA to Resume H20 Chip Sales in China
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Nvidia 's ( NVDA 0.37%) business has been going strong over the past few years thanks to its dominance in the global artificial intelligence (AI) chip market. The company designs the most powerful AI chips on the market,
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.
Nvidia: H20 export reinstated, bolstering the $200 by this year-end bull case and reviving the China growth story.