Nvidia’s stock price is rising as investors gain confidence in the company’s earnings. According to a Mizuho analyst, selling its H20 chips in China will boost investor trust and help reach a $7 earnings per share goal for next fiscal year. Nvidia has 600,000 to 700,000 H20 chips in stock, ordered due to strong demand from Chinese customers. This development is expected to increase investor confidence about the company’s financial future.
Source: https://www.marketwatch.com/story/nvidias-stock-is-rising-as-confidence-builds-around-this-key-number-e35b2176