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. Several analysts raised their forecasts for the stock after Nvidia managed to win the approval of the US government for the sale of its H20 chips

Responding to the US government's approval of Nvidia's sale of H20 chips to China, a Chinese Commerce Ministry (MOFCOM) spokesperson said on Friday that the US side should abandon zero-sum thinking and continue to lift a series of unreasonable trade restrictions against China.

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.