Lisa Su Announces AMD Will Cover Trump's 15% Fee to Continue AI Chip Sales in China Despite Partial Restrictions from Beijing on Foreign Silicon

Written by Emily J. Thompson, Senior Investment Analyst

NVDA.O+2.11%

AMD.O-0.74%

Source: Benzinga

Updated: 2 hour ago

0mins

Source: Benzinga

AMD Resumes Shipments to China: AMD CEO Lisa Su announced the company will restart shipments of MI308 AI chips to China after obtaining U.S. export licenses, agreeing to a 15% fee imposed by the Trump administration.
Impact of U.S. Regulations: The U.S. previously halted MI308 sales to China, which AMD warned could lead to an $800 million revenue loss. The company is now navigating these regulations while China seeks to reduce reliance on American technology.
Strong Financial Performance: AMD reported $9.25 billion in revenue for the third quarter and forecasts fourth-quarter sales of approximately $9.6 billion, excluding any sales to China, indicating strong overall performance.
Long-term Growth Prospects: AMD is focusing on a partnership with OpenAI, which could generate over $100 billion in revenue as it prepares to supply next-generation GPUs starting in 2026, despite short-term pressures on its stock performance.

NVDA.O

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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: 179.590

Low

185.00

Averages

255.63

High

352.00

Current: 179.590

Low

185.00

Averages

255.63

High

352.00

KeyBanc

Jason Celino

Overweight

downgrade

$590 -> $575

2025-12-03

New

Reason

KeyBanc

Jason Celino

Price Target

$590 -> $575

2025-12-03

New

downgrade

Overweight

Reason

KeyBanc analyst Jason Celino lowered the firm's price target on Synopsys (SNPS) to $575 from $590 to reflect dilution from the Nvidia (NVDA) investment, while keeping an Overweight rating on the shares. The firm sees somewhat of a tricky setup heading into earnings for Synopsys. On one hand, KeyBanc is expecting a fairly significant Q4 revenue beat, but on the other, it sees the potential for FY26 EPS to be guided below the Street and closer to its estimate. NULLtheless, the firm approaches the print moderately positive, and would put a higher importance on the prospect of a Q4 beat so long as it's large enough

Deutsche Bank

Hold

maintain

$180 -> $215

2025-11-20

Reason

Deutsche Bank

Price Target

$180 -> $215

2025-11-20

maintain

Hold

Reason

Deutsche Bank raised the firm's price target on Nvidia to $215 from $180 and keeps a Hold rating on the shares. The company reported a "beat and raise" quarter last night with data center leading the growth, the analyst tells investors in a research note. The firm says Nvidia "expressed significant confidence" in its future data center segment growth. However, Deutsche continues to see the shares as fairly valued.

Citi

Buy

maintain

$220 -> $270

2025-11-20

Reason

Citi

Price Target

$220 -> $270

2025-11-20

maintain

Buy

Reason

Citi raised the firm's price target on Nvidia to $270 from $220 and keeps a Buy rating on the shares following the earnings report. The firm increased fiscal 2027 and 2028 sales estimates to reflect accelerating data center revenue on better than expected Blackwell and Rubin demand visibility. It believes the company's revenue will accelerate into 2026.

KeyBanc

NULL -> Overweight

upgrade

$250 -> $275

2025-11-20

Reason

KeyBanc

Price Target

$250 -> $275

2025-11-20

upgrade

NULL -> Overweight

Reason

KeyBanc raised the firm's price target on Nvidia to $275 from $250 and keeps an Overweight rating on the shares. The firm notes the company reported strong Q3 results and provided Q4 guidance, which strongly exceeded expectations. The upside was driven by data center, given strong Blackwell Ultra revenues, as GB300 hit the cross over point and was 2/3 of Blackwell revenues in Q3, KeyBanc adds. Management indicated $500B in Blackwell/Rubin pipeline across 2026/2027 was the baseline and expects this to increase. Hopper revenues were $2B of which H20 was $50M, while Q4 assumes no China revs. The firm is encouraged by these strong results and raise estimates to reflect the $500B pipeline.

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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

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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.