Nvidia (NVDA) CEO Jensen Huang is set to meet with U.S. President Donald Trump, according to a Bloomberg report. This meeting comes after reports suggested that the Trump administration is considering further restrictions on Nvidia exports to China, specifically targeting its H20 AI GPUs. Unsurprisingly, this could have the potential to negatively impact the chipmaker’s business.
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The U.S. has already imposed restrictions on Nvidia’s exports to China by banning the sale of its most advanced AI chips, including the A100, H100, A800, and H800. However, the H20 GPUs were not included in this ban. As a result, Huang is willing to meet with Trump and offer his help to the administration. This meeting may provide insight into the potential impact of Trump’s policies on Nvidia’s business.
Interestingly, Trump’s policies could have both positive and negative effects on Nvidia. On the one hand, his potential tariffs could harm Nvidia’s overseas sales and manufacturing. On the other hand, his anti-regulation stance and commitment to promoting AI chip manufacturing and investment in the U.S. could benefit the company by allowing it to expand its domestic operations.
Is NVDA a Good Stock to Buy?
Turning to Wall Street, analysts remain bullish on NVDA stock, with a Strong Buy consensus rating based on 37 Buys and three Holds assigned in the past three months. After a 101% rally in its share price over the past year, the average NVDA price target of $178.63 per share implies an upside potential of 41% from current levels.
