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Benzinga
Benzinga
Business
Anusuya Lahiri

Why Nvidia's China Comeback Could Propel Its Stock To New Heights

Nvidia N Quinn Bolton China NVDA
Nvidia,Chip,On,Illuminated,Circuit,Board,ñ,Glowing,Green,Logo

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.S. government approved export license filings, according to CEO Jensen Huang, Bolton noted. The green light comes after April's export controls blocked $2.5 billion in H20 shipments during fiscal first-quarter 2026 and halted another $8 billion in scheduled deliveries for fiscal second-quarter 2026, the analyst said.

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