Needham raised its price target on Nvidia's (NVDA) stock to $200 from $160 after the company announced that it hopes to resume sales of its H20 chips to China.

Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?

The co-founder and CEO of Nvidia (NVDA) is heading to Beijing, where he will meet with senior Chinese officials, including the commerce minister, at the International Supply Chain Expo, Bloomberg reported,

Nvidia (NASDAQ: NVDA) surged 4.04% on July 15 to close at $170.70, propelling the Nasdaq Composite to a fresh record high of 20,677.80.

Three weeks ago, we recommended Nvidia stock and shorting out-of-the-money puts. Now, NVDA is near its target prices, and the short play is successful. What is the best play here?

Shares of Nvidia (NASDAQ: NVDA) were off to the races on Tuesday, climbing as much as 5%. As of 10:27 a.m. ET, the stock was still up 4.6%.

A Citi analyst sees Nvidia’s stock rising another 20% as the AI opportunity swells further, but he notes the risk of potential new geopolitical restrictions ahead.

Even at record highs, Nvidia’s stock may not be as expensive as it is touted to be. Some valuation metrics suggest room for upside

Nvidia is poised to take advantage of growing demand for sovereign artificial intelligence, Citi analysts wrote Monday.