NVIDIA Corporation (NASDAQ:NVDA) is closely watched by investors, with Needham analyst Rajvindra Gill raising the price target to $200 from $16. The US government is set to grant export licenses for Nvidia to resume sales of its H20 chips, previously subject to export controls. Analysts estimate $3B of H20 shipments per quarter starting in October.

Nvidia faced restrictions on shipping $2.5 billion worth of products to China in Q1 fiscal 2026 and paused $8B of H20 orders for Q2. The company may introduce Blackwell GPU variants for the China market soon, with anticipated shipments in August/September. Nvidia specializes in AI-driven solutions for various industries.

While Nvidia shows promise, other AI stocks may offer greater upside potential and less downside risk. For those interested in undervalued AI stocks benefiting from tariffs and onshoring trends, a report on the best short-term AI stock is recommended. Check out 10 trending AI stocks and those gaining attention on Wall Street.

Read more at Yahoo Finance: Needham Sticks With Buy on Nvidia (NVDA), Lifts Target to $200