By Danny Vena, CPA
Publication Date: 2026-05-14 18:17:00
Shares of Nvidia (NVDA +4.14%) were sharply higher on Thursday, climbing as much as 4.7% to a new all-time high. As of 2:12 p.m. ET, the stock was still up 3.8%.
There was a tidal wave of positive news that sent the artificial intelligence (AI) chipmaker higher, all of which bodes well for Nvidia’s future.
Image source: The Motley Fool.
Let the chips fall where they may
President Donald Trump traveled to Beijing this week for a far-reaching summit with Chinese President Xi Jinping. Several U.S. business leaders, including Nvidia CEO Jensen Huang, accompanied Trump.
Reports have emerged that several high-profile Chinese companies have been approved to purchase Nvidia’s H200 AI chips, including Alibaba, Tencent Holdings, ByteDance, and JD.com, according to Reuters.
Huang believes the Chinese AI chip market could be worth as much as $50 billion to Nvidia, making this a big win for the company.
Moreover, several of Wall Street’s finest issued higher price targets ahead of Nvidia’s earnings report next week.
Cantor Fitzgerald analyst C.J. Muse increased his price target on Nvidia to $350, up from its previous level of $300, while maintaining an overweight (buy) rating on the stock. That represents potential gains for investors of 55% compared to Wednesday’s closing price. The analyst noted that Nvidia’s AI chips are likely sold out for the current fiscal year and believes investors are underestimating the company’s earnings potential over the next few years.
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