Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have rallied in recent weeks following news that the U.S. is easing chip export restrictions to China.
The policy reversal, which came after Nvidia CEO Jensen Huang’s meeting with President Donald Trump, allows both companies to resume AI chip sales to the massive Chinese market.
Nvidia can now sell its H20 GPUs after sales were halted in April, while AMD expects to restart shipments of its MI308 AI chips. The tariff relief has created renewed investor optimism around both stocks as they regain access to one of their most important markets.
Nvidia price targets reach as high as $250
Wall Street analysts are demonstrating remarkable conviction in Nvidia’s trajectory, with 38 Wall Street analysts delivering a Strong Buy consensus over the past three months. Currently trading at $177.44 at all-time highs, the stock has posted 28.29% year-to-date gains and maintained momentum with 12.31% gains over the past month.
The most recent target was set on July 30 by Morgan Stanley (NYSE: MS), which raised its price target to $200 from $170 while maintaining an Overweight rating. The investment bank cited continued strong demand for Nvidia’s Blackwell architecture, noting that token growth continues to outpace what Nvidia can ship to customers, and confirmed that Nvidia remains its “Top Pick” in the semiconductor sector.
The compiled 12-month forecast sits at $184.91, representing a modest 4.62% upside from current levels. The most bullish predictions reach as high as $250, suggesting potential gains exceeding 40% for optimistic scenarios. The most conservative estimates place the lowest target at $120.
The analyst breakdown reveals overwhelming support with 34 Buy ratings, 3 Hold ratings, and just 1 Sell rating.
AMD sees targets up to $210
Advanced Micro Devices has earned a more cautious reception from Wall Street, receiving a Moderate Buy rating from 36 analysts.
Once dubbed the Advanced Money Destroyer by Redditors, the stock is currently trading at its 12-month high of $176.84, gaining 46.60% year-to-date and an even more impressive 24.62% over the past month.
Based on compiled ratings data, the average price target stands is $148.65, indicating a substantial 14.40% downside from current levels despite the recent rally. The highest predictions go as high as $210, while the lowest target sits at $110.
The analyst breakdown shows 26 Buy ratings and 10 Hold ratings with zero Sell recommendations.
Featured image via Shutterstock.
