Nvidia shares surged after reports that China would allow tech companies to use H200 chips, potentially boosting earnings. However, customs agents now say the chips are “not permitted” to enter China, causing Nvidia stock to drop 2%. Analysts remain bullish on NVDA, with Bernstein’s Stacy Rasgon predicting a 50% upside to $275 in the next 12 months. Wall Street consensus remains a “Strong Buy” with a mean target of $255, indicating potential 40% upside. The conflicting reports have impacted investor optimism over Nvidia’s financial outlook.

Read more at Barchart: Should You Buy or Sell Nvidia Stock Amid China’s H200 Whiplash?