July 16 - Nvidia (NVDA, Financial) received a price target boost from Needham on Wednesday as optimism grows over a potential restart of H20 chip shipments to China following U.S. export license assurances.
Needham raised its target to $200 from $160 and reaffirmed a “Buy” rating, according to a Wednesday note. The firm said recent regulatory clarity improves visibility into Nvidia's paused China business.
Earlier restrictions had delayed around $2.5 billion in H20 chip sales in Nvidia's fiscal Q1 and froze an estimated $8 billion in orders for Q2. While the company has not issued updated revenue guidance for the product line, analysts now model quarterly H20 shipments at approximately $3 billion starting in Q3 of fiscal 2026.
Nvidia is also working on modified versions of its Blackwell GPUs, reportedly the B30, B40, and RTX 6000D, designed for the China market, with shipments possibly beginning in late August or September.
The stock has surged in recent weeks, reaching a new high amid a broader AI rally and speculation over easing trade restrictions. Nvidia has not commented on specific revenue expectations tied to resumed H20 sales.
