The approval of the sale of the H200 chip to multiple Chinese technology companies has caused NVIDIA Corporation (NVDA.US) to increase by over 4%.

According to reports, the US government has approved the purchase of NVIDIA Corporation's H200 artificial intelligence chips by about 10 Chinese technology companies, while several Wall Street institutions continue to have a positive outlook on the company's long-term growth prospects. Boosted by the news, NVIDIA Corporation's stock rose by more than 4%. It is reported that the US Department of Commerce has approved about 10 Chinese technology companies to purchase NVIDIA Corporation's H200 GPU products, including Alibaba Group Holding Limited Sponsored ADR (BABA.US), Tencent, ByteDance, and JD.com, Inc. Sponsored ADR Class A (JD.US), among others. However, the report also pointed out that the related chips have not been formally delivered yet. Meanwhile, Cantor Fitzgerald analyst C.J. Muse has raised NVIDIA Corporation's target price from $300 to $350, stating that CEO Jensen Huang is "comprehensively leading" the competition in the AI chip market. Muse pointed out that the demand for AI computing power is still extremely tight, and NVIDIA Corporation's production capacity for 2026 and 2027 is expected to be fully sold out. He believes that AI companies such as Anthropic and OpenAI have proven that AI investments can bring high capital returns, further driving the continuous growth in the market demand for computing power resources. Muse stated that considering the many bottlenecks in the semiconductor industry chain, NVIDIA Corporation is expected to maintain year-on-year growth at least until 2028 to 2029. However, some investors have expressed dissatisfaction with NVIDIA Corporation's recent lackluster stock performance, especially when compared to competitors like AMD (AMD.US) and Intel Corporation (INTC.US). In response to this, Muse listed six potential catalysts that could further drive up NVIDIA Corporation's stock price. These include the upcoming latest financial report to be released on May 20; market recognition of Grace Blackwell and Vera Rubin's new architecture technology leadership advantages; NVIDIA Corporation's continued leadership in AI inference costs under unit power consumption compared to competitors; market confidence in the continuation of the AI capital expenditure boom beyond 2027; growth in demand for Tokens brought about by further development of AI intelligent agents, and the implementation of a large-scale stock buyback plan in the next five years. Muse predicts that NVIDIA Corporation's future buyback scale may even reach 10% to 15% of the outstanding shares. He stated that many long-term investors still have a relatively low allocation to NVIDIA Corporation, and once the stock price forms a positive trend again, there is still considerable upside potential in the future, "the question is not whether it will rise, but when it will rise."