From Yahoo Finance: 2025-05-14 17:10:00

NVIDIA Corporation (NVDA) stock rises 3% as Bank of America increases price target to $160 from $150. Trump administration reverses export restrictions on AI chips imposed by Biden. Schwab Network reported on May 14.
Bank of America raises NVDA price target due to projects with HUMAIN, estimating combined annual value of $3-5 billion. NVDA can provide AI chips to foreign countries to bypass U.S. power shortfalls and restrictions on shipments to China.
Trump administration rescinds Biden rule limiting AI chip exports to many countries. Official announcement made today. Bank suggests AI stocks offer greater potential than NVDA, with one AI stock showing gains while popular ones dropped 25% since 2025.
For more information on AI stocks, check out the report on the cheapest AI stock and the 20 Best AI Stocks To Buy Now and 30 Best Stocks to Invest in According to Billionaires. No disclosures. Originally published at Insider Monkey.

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