Nvidia (NVDA) CEO Jensen Huang is cautiously optimistic about selling AI chips to China again, according to Bloomberg. Huang thinks China will “eventually” allow imports of U.S. AI chips, even after months of stalled approvals and rising geopolitical tensions.
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Trade NVDA with leverageHuang’s comments come just days after he unexpectedly joined President Donald Trump’s high‑stakes summit in Beijing with Chinese leader Xi Jinping. The last-minute addition fueled speculation that Nvidia might secure a breakthrough in shipments of its H200 AI chips.
In the interview, Huang said China must decide “how much of their local market do they want to protect,” but added, “My sense is that over time the market will open.” Huang said he did not directly negotiate chip approvals with Chinese officials, though the topic surfaced in broader discussions between U.S. and Chinese leaders. “President Trump had some conversations with the leaders and I’m looking forward to what they decide,” he said.
It is worth noting that the U.S. cleared Nvidia to ship H200 chips to China in March, but Beijing has slowed or blocked orders as it pushes local chipmakers like Huawei. Huang has long called China a $50 billion opportunity, but Nvidia still expects zero AI‑chip sales there this year.
NVDA to Report Q1 Earnings on May 20
Nvidia reports earnings on Wednesday, May 20, and Wall Street analysts expect earnings of $1.75 per share for the quarter, compared with $0.81 in the year-ago quarter. Meanwhile, NVDA’s Q1 revenue is expected to rise 79% to $78.85 billion, from $44.06 billion a year ago.
Investors will be watching for any updates on China. They want to know whether the country is closer to clearing H200 imports, how much revenue Nvidia still expects from the region, and if Trump’s summit helped move talks forward.
What Is the Prediction for NVDA Stock?
Turning to Wall Street, NVDA stock has a Strong Buy consensus rating based on 40 Buys, one Hold, and one Sell assigned in the last three months. At $281.59, the average Nvidia stock price target implies a 26.66% upside potential.
