Nvidia (NVDA, Financials) may be poised for a breakout to new highs as analysts revise forecasts and global demand for its AI hardware continues to rise.
Wedbush's Dan Ives said chip exports may be back on the table in upcoming U.S.-China trade talks; if true, that could reopen Nvidia's pipeline for H20 GPUs. CEO Jensen Huang remains cautious; however, both he and Ives agree that China already has capable GPU alternatives, particularly through Huawei — and those could erode U.S. market share if restrictions persist.
Meanwhile, Nvidia continues building momentum abroad. At its GTC Paris event, the company unveiled over 3,000 exaflops' worth of AI compute deals across Europe and the Middle East; the initiative includes gigafactories, localized AI factories, and supercomputing centers. One high-profile collaboration involves Saudi-backed HUMAIN.
Nvidia isn't just betting on hardware; it's also backing software. The company recently made a minority investment in robotics startup Skild during a $25 million Series B round; the deal values Skild at nearly $4.5 billion and aligns with Nvidia's long-term play in autonomous systems and industrial AI.
With Blackwell deployments expanding, export rules under scrutiny, and new demand surfacing in emerging markets, Nvidia looks set for a pivotal Q2.
