Wells Fargo analyst Aaron Rakers views official reports of Trump Administration finalizing details of lifting Nvidia’s (NVDA) H200 export controls to China as an incremental positive. Wells thinks investors could think about a $25-$30B/annum-plus revenue and positive 60c-70c/share EPS impact. The firm has an Overweight rating on the shares with a price target of $265.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- ‘It’s a Shot in the Arm,’ Say Top Analysts About Nvidia’s China Win
- Trump says same China export approach to apply to Intel, AMD, Reuters reports
- China still considering limiting access to Nvidia’s H200 chips, FT reports
- Nvidia Can Sell H200 Chips in China Again — But It Won’t Be Easy
- AMD Stock Pops as U.S. Clears Nvidia (NVDA) Chip Sales to China — Is a New Market Back in Play?