Nvidia CEO Jensen Huang to Visit China to Push for H200 Chip Sales Resumption
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: stocktwits
- Sales Recovery Efforts: Nvidia CEO Jensen Huang plans to visit China later this month to advocate for the resumption of H200 chip sales, despite ongoing diplomatic and trade tensions between the U.S. and China that have impacted the company's sales strategy.
- Stock Price Volatility: Nvidia's shares experienced a 4.4% drop on Tuesday, marking the worst decline in over three months, reflecting market concerns over geopolitical risks, although the stock rebounded nearly 1% in early Wednesday trading, indicating fluctuations in market sentiment.
- Inventory Losses: Nvidia previously wrote down $5.5 billion in inventory earmarked for China due to U.S. government export bans, exacerbating the company's sales challenges in the Chinese market and affecting its overall financial performance.
- Market Sentiment Shift: According to Stocktwits data, Nvidia's market sentiment shifted from 'bullish' to 'neutral' as of early Wednesday, reflecting investor caution regarding the company's future sales prospects in China.
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 264.97 USD with a low forecast of 200.00 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.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
Current: 184.840
Low
200.00
Averages
264.97
High
352.00
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.
