NVIDIA’s (NASDAQ: NVDA) market received a green light to rally that will have far-reaching repercussions. NVIDIA is the largest company globally, with a valuation exceeding $4 trillion, and has the most significant impact on the S&P 500 index.

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Gaining Attention on Wall Street. On July 15, Bernstein maintained its “Outperform” rating on the stock with a $185 price target.

Piper Sandler keeps an Overweight rating on Nvidia (NVDA) after the company said it expects to be granted licenses to resume H20 chip sales to China. During the April quarter, the company posted $4.6B in sales for H20 and left an additional $2.

Nvidia Corporation surges on China export approval, boosting H20 chip momentum. Click for my updated look at NVDA stock and why I am downgrading it.

The chart shows that NVDA stock is gapping up on President Trump's reversal on H20 AI chip exports to China. The chart shows that NVDA stock is extended after the breakout. The chart shows that our recent buy signal on NVDA stock was given near the April lows. NVDA core position is in The our ZYX Buy Core Model Portfolio, long from $12.55.