Needham raised the firm’s price target on Nvidia (NVDA) to $200 from $160 and keeps a Buy rating on the shares. The company announced the U.S. government has approved the filing of export licenses for H20 products shipped to China and expects to commence shipments “very soon”, the analyst tells investors in a research note. NVIDIA did not comment on how much H20 revenue it expects to capture over the coming quarters, but the firm is conservatively modeling $3B of H20 shipments per quarter over the next several quarters, Needham added.
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