China Approves Nvidia H200 Chip Imports

Written by Emily J. Thompson, Senior Investment Analyst

NVDA-2.1%

MSFT-2.42%

GOOGL-0.43%

Updated: 6d ago

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Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.H200 CHIPS IMPORTS:China intends to approve imports of Nvidia'sH200 chips as soon as this quarter, allowing local companies to buy the chip from Nvidia for select commercial use, Bloomberg News, citing people familiar with the matter. The chip will not be allowed to be used by the military, sensitive government agencies, critical infrastructure, and state-owned enterprises, the sources added.UPFRONT PAYMENT:Nvidia requires full upfront payment from Chinese customers looking to buy H200 AI chips, Reuters, citing two people briefed on the matter. Nvidia has imposed stringent terms on orders for the chips, requiring full payment with no options to cancel, ask for refunds, or make configuration changes after placing the order, sources added.AI TECH STACK:Cantor Fitzgerald upgraded Alphabetto Overweight from Neutral with a price target of $370, up from $310. The firm believes Alphabet has the "strongest footprint across several layers in the AI tech stack." The company's decade-long investments have enabled "deep competitive moats," Cantor tells investors in a research note. The fir believes that with regulatory headwinds easing, Alphabet should see benefits by leveraging its distribution in consumer and enterprise as AI transitions "from the Frenzy to the Synergy phase."LAWSUIT:A U.S. judge has ruled that Elon Musk's lawsuit alleging OpenAI violated its nonprofit founding mission can proceed to a jury trial, citing sufficient disputed facts and evidence of assurances about maintaining the original structure, Reuters' Mike Scarcella. The trial is scheduled for March, with a written order forthcoming on OpenAI's motion to dismiss.CHATGPT HEALTH:OpenAI has unveiled ChatGPT Health, which lets users import medical records and other data from health apps into ChatGPT, Ina Fried of Axios. Information shared in the health tab won't be used in other types of chats and that people can easily view and delete their health-related "memories," according to the report, which adds that a small group will test the feature first.AGENTIC AI SOLUTIONS:Microsoftannounced agentic AI solutions designed to "bring intelligent automation to every part of the retail business. These new capabilities help retailers move faster, serve shoppers with greater relevance, and operate with resilience and efficiency, delivering a modern foundation for growth in a highly competitive market," the company said. "The retailers that thrive will be the ones that unify their business with intelligence that reaches every corner of the value chain," said Kathleen Mitford, Corporate Vice President of Global Industry at Microsoft. "With Microsoft's agentic AI, retailers can automate what slows them down and amplify what sets them apart, enabling faster decisions and stronger customer relationships while building operations ready for whatever comes next." Copilot Checkout will enable merchants to reach shoppers as they complete purchases discovered directly within Copilot without being redirected to external sites.Shopifymerchants will automatically be enrolled in Copilot Checkout following an opt-out window. Microsoft is also introducing two solutions that bring agentic commerce to life across the digital experiences retailers own: Brand Agents, now available for merchants on the Shopify platform, and the personalized shopping agent template in Copilot Studio. Both enable personalized, conversational shopping experiences, helping retailers guide customers, boost engagement and drive conversions. Microsoft is also launching in public preview the catalog enrichment agent template in Copilot Studio, an intelligent assistant that extracts product attributes from images, enriches them with social insights, and automates catalog tasks such as product onboarding, categorization and error resolution.COLLABORATION:Fiservannounced a strategic collaboration with Microsoft to embed AI into its development platforms and empower its global workforce. Fiserv will deploy Microsoft 365 Copilot across its workforce and expand its use of Microsoft Foundry to build and manage AI applications. The company said this initiative builds on its existing use of Microsoft Foundry and the deployment of GitHub Copilot to over 8,000 software engineers.

NVDA

$181.906+Infinity%1D

Analyst Views on NVDA

Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 255.63 USD with a low forecast of 185.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

40 Analyst Rating

38 Buy

1 Hold

1 Sell

Strong Buy

Current: 185.810

Low

185.00

Averages

255.63

High

352.00

Current: 185.810

Low

185.00

Averages

255.63

High

352.00

Goldman Sachs

James Schneider

Buy

maintain

$280 -> $320

Al Analysis

2026-01-09

New

Reason

Goldman Sachs

James Schneider

Price Target

$280 -> $320

Al Analysis

2026-01-09

New

maintain

Buy

Reason

Goldman Sachs analyst James Schneider raised the firm's price target on SanDisk (SNDK) to $320 from $280 and keeps a Buy rating on the shares. Sentiment remains very positive, driven by eSSD qualification progress, strong pricing momentum, and Nvidia's (NVDA) recent memory controller announcement, the analyst tells investors in a research note.

Mizuho

Vijay Rakesh

Outperform

maintain

$245 -> $275

2026-01-09

New

Reason

Mizuho

Vijay Rakesh

Price Target

$245 -> $275

2026-01-09

New

maintain

Outperform

Reason

Mizuho analyst Vijay Rakesh raised the firm's price target on Nvidia to $275 from $245 and keeps an Outperform rating on the shares. The firm adjusted targets in the semiconductors and semiconductor capital equipment group as part of its 2026 outlook. Mizuho sees continued upside for the group in 2026 due to "attractive valuations," but more modest than 2025. The analyst' top sectors in 2026 are AI accelerators and wafter fab equipment, Optical, and memory, while the firm remains cautious on electric vehicles, autos and analog as well as computers and handsets. Mizuho's top picks for 2026 are Nvidia, Lumentum and Broadcom.

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BofA

Buy

maintain

$300 -> $390

2026-01-07

Reason

BofA

Price Target

$300 -> $390

2026-01-07

maintain

Buy

Reason

BofA raised the firm's price target on SanDisk (SNDK) to $390 from $300 and keeps a Buy rating on the shares after Nvidia (NVDA) CEO Jensen Huang presented "Vera Rubin" and co-developed chips that will drive significant improvement in performance for AI workloads at the Consumer Electronics Show in Las Vegas. Part of the performance increase coming from the ability to handle larger context windows for AI models through a dedicated storage tier connected via a Bluefeld-4 chip elevates NAND to a more prominent tier in AI workloads and allows for significant performance improvements, the analyst tells investors. Separately, demand remains strong and pricing robust, which should drive significant positive estimate revisions for SanDisk, the analyst added.

BofA

Buy

maintain

$119

2026-01-06

Reason

BofA

Price Target

$119

2026-01-06

maintain

Buy

Reason

BofA reiterated a Buy rating and $119 price target on Uber (UBER) stock. The firm continues to see Nvidia's (NVDA) autonomous vehicle initiatives as "critical" for Uber as it helps accelerate the adoption of L4 technology. Uber has a better opportunity to both purchase and lease autonomous vehicles for its network and offer consumers opportunities to monetize their autonomous vehicle on Uber's network, BofA told investors in a research note. Uber's valuation is only two to three turns higher than last year's low of around 12.5 times 2026 free cash flow, according to the firm. BofA added that it sees potential for multiple to expand to over 20 times free cash flow.

About NVDA

NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.