Nvidia stock hits $4 trillion market cap, surpassing Microsoft and Apple. Despite losing revenue in China due to export restrictions, CEO Jensen Huang heads to China amid U.S. pressure. China AI chip market loss could impact Nvidia’s future business, according to CFO Collete Kress. Huang emphasizes China’s innovation potential.

AI rally gains momentum with Meta Platforms, Alphabet, and Apple acquiring AI startups. Nvidia’s cash registers could continue to ring with hyperscalers’ AI capex. Sovereign AI presents another growth opportunity for Nvidia as countries seek more control over technology. Potential easing of China export restrictions could boost Nvidia’s revenues and profits significantly.

Analysts predict a 53.2% rise in Nvidia’s revenues this fiscal year. Valuation shows Nvidia trading at a forward P/E multiple of 41x, the second highest among peers, but with a lower PEG multiple. Positive news on China chip business could drive Nvidia’s stock even higher. A $200 price level seems achievable with concessions for chip exports to China.

Read more at Yahoo Finance: How High Can Nvidia Stock Go as Jensen Huang Heads to China?