NVIDIA’s market rally approval will have significant impacts, being the largest global company with a valuation over $4 trillion. Sales to China will drive the index to new highs and strengthen the broad market rally.

CEO Jensen Huang announced that the U.S. government will grant licenses to sell H20 and compliant semiconductor products to China. This could result in significant revenue and earnings increases for NVIDIA.

NVIDIA’s stock hit new highs, with an additional 30% to 50% upside predicted. Analysts’ trends are positive, with a consensus price target in the $210 to $250 range.

The upcoming Q2 earnings report on August 27 could be a catalyst for NVIDIA’s market performance. Despite slowing growth, the company is expected to outperform expectations, with China potentially boosting guidance.

Institutional activity remains robust for NVIDIA, with solid support from Q1, Q2, and July. A strong Q2 report may trigger increased retail trading volume. Investors should pay attention to market trends and institutional activity before making trades.

Read more at Nasdaq: NVDA Greenlight: China H20 Sales Spark 50% Rally Potential