NVIDIA To Resume H20 AI Chip Sales To China
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Nvidia CEO Jensen Huang met with Chinas Commerce Minister Wang Wentao in Beijing on Thursday, as part of his third visit to China in 2025. Wang confirmed the meeting during a press conference on Friday,
BEIJING (Reuters) -China's Commerce Minister Wang Wentao said on Friday he met with Nvidia CEO Jensen Huang in Beijing on Thursday. Wang said at a press conference that Huang had worked very hard over the past few days during his visit to China, but Wang did not provide any details about what was discussed at their meeting.
One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.