NVIDIA to Resume H20 Chip Sales in China
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Needham raised its price target on Nvidia's (NVDA) stock to $200 from $160 after the company announced that it hopes to resume sales of its H20 chips to China.
By Liam Mo, Anne Marie Roantree and Che Pan BEIJING/HONG KONG (Reuters) -Chinese firms are scrambling to buy Nvidia's H20 artificial intelligence chips, two sources told Reuters, as the company said it planned to resume sales to the mainland days after its CEO met U.