NVIDIA Shares Rise Amid CEO’s Visit to China

NVIDIA (NVDA) has seen its shares jump another 5% this morning, coinciding with CEO Jensen Huang’s media briefing scheduled for July 16th in Beijing.

He’s in China, perhaps signaling a renewed optimism about the potential to restart sales of H20 chips in this major Asian market.

With today’s increase, NVIDIA’s stock has surged over 95% since hitting a low in early April. That’s quite a rebound, isn’t it?

Investor sentiment is swirling with anticipation. Many believe Huang might reveal a product tailored for the Chinese market or perhaps announce a new partnership on July 16th. There’s also chatter that NVIDIA could start selling its H20 chips again soon, which has certainly driven NVDA’s stock higher.

China’s market is crucial for NVIDIA. In 2025, it contributed approximately $17 billion in sales for companies listed on NASDAQ, accounting for about 13% of total revenue.

The rise in NVIDIA shares is not just a fluke. A lot of it stems from AI chip firms now getting assurances from the U.S. government that they’ll be “licensed” to resume deliveries to Chinese clients in the near term.

This has resulted in Oppenheimer analysts including NVDA in their “top picks” list today, and they’ve updated their price target for AI stocks to $200. That’s a significant bump.

The analyst mentioned some solid foundational trends driving ongoing top-line growth—things like generative AI, data center/AI accelerators, and self-driving vehicles. Those trends are hard to ignore.

NVIDIA shares have already performed exceptionally well over the last three months, and it seems Wall Street is still bullish, recommending long-term ownership.

According to BarChart, the consensus rating for NVDA stays at “strong buy,” with an average target of around $178. That’s about a 5.0% upside from current levels.