Nvidia (NVDA) Rockets 4% as China AI Chip Sales Resume – Bulls Charge Back

Nvidia’s stock just got a turbocharged boost—up 4% after flipping the switch back on AI chip sales in China. The market’s voting with its wallet, and for once, it’s not wrong.

Silicon sovereignty? More like silicon payday. While regulators play geopolitical chess, Nvidia’s cutting through the noise with pure supply-and-demand adrenaline. No fancy footwork—just chips, demand, and a market hungry for AI’s next act.

Wall Street’s already recalculating price targets (as if they ever stopped). But here’s the kicker: in a world where ‘AI’ gets slapped on every pitch deck, Nvidia’s actually delivering. For now, at least—until the next ‘strategic review’ sends traders scrambling again.

Wall Street Responds to News Around Nvidia (NVDA)

Wall Street responded positively to Nvidia’s gains and China news on Tuesday. Removal of the China export restrictions is a “watershed moment” for Nvidia, the “AI revolution” and the U.S. tech industry, Wedbush Securities analyst Daniel Ives said in a client note. Correspondingly, at least seven Wall Street firms raised their price targets on Nvidia stock. Melius Research analyst Ben Reitzes reiterated his buy rating on Nvidia stock and upped his price target to 235 from 205.

“Nvidia getting back in China after a mid-April ban is a huge tailwind,” Reitzes said in a client note. “We wouldn’t be surprised if all or most of the $8 billion run rate per quarter in lost China sales came back completely by fiscal Q4 2026, given pent-up demand, and boosted fiscal 2027 overall revenue growth to 38% year over year after 59% growth in fiscal 2026.”

NVDA stock is up 6.7% in the last five days, picking up steam en route to the historic $4 trillion market cap. The company now sits over $200 billion ahead of second-place Microsoft (MSFT) and over $800 billion ahead of Apple (AAPL). Its stock is also trading near the top of its 52-week range and above its 200-day simple moving average.