Nvidia’s recent challenges may become future advantages as trade tensions with China ease, according to Wedbush analyst Dan Ives. The company’s H20 AI chips are restricted from export due to US policy, costing $8 billion in missed revenue. However, if the US and China reach a new agreement, Nvidia could re-enter the Chinese market through modified chips, potentially adding back lost sales. Analysts have a Strong Buy consensus rating on NVDA stock, with a $172.43 price target implying 27.2% upside potential.
Source: https://www.tipranks.com/news/nvidias-troubles-in-china-could-become-an-advantage-says-dan-ives