Analyst resets Nvidia stock price target after CEO slams U.S. chip policy

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industry.”That followed the U.S. government's April decision to require Nvidia’s H20 processor, previously approved for China, to obtain an export license.💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵As a result, the chipmaker booked a $4.5 billion charge for the fiscal first quarter, ended April 27, and added that it would have recorded an additional $2.5 billion in revenue without the restriction.“The H20 export ban ended our Hopper data-center business in China,” Huang said.Related: Palantir's stock price surges on AI news, gamma squeezeNvidia wasn’t the only company caught in the geopolitical crossfire. Hours before its earnings report, shares of chip-design firms Cadence  (CDNS)  and Synopsys  (SNPS)  slid after the Financial Times reported that the Trump administration had told them to stop selling software to customers in China.Nvidia is the top supplier of graphics-processing units, which are essential to power and train large AI models worldwide.China remains a key market for Nvidia, accounting for 13% of its sales in the past financial year. To adapt to the new rules, the company plans to launch a cheaper AI chip for the Chinese market, with production set to begin as early as September, according to Reuters.Year to date, Nvidia stock is up 3.65% while the S&P 500 Index is up 0.52%.Image source: Chih/Bloomberg via Getty ImagesWhile Huang has long warned that export controls could hurt U.S. chipmakers, some experts argue that policymakers could hardly reverse course as broader national-security interests justify the tradeoffs.“U.S. semiconductor policy isn’t about one firm’s earnings or market access — it’s about protecting America’s strategic edge in a high-stakes geopolitical contest,” Dewardric McNeal, managing director at Longview Global, wrote on CNBC.Related: Analyst resets Nvidia-backed AI stock price target after 200% surge“Sometimes that means stepping back from markets that were never going to remain open anyway,” he added.Even so, Nvidia stock  (NVDA)  performed well. The stock rose 3.25% to close at $139.19 on May 29 — a sharp contrast to the previous quarter, when it plunged 8.48% after the company reported earnings.Back in 2022, Huang cautioned that U.S. export controls could significantly harm Nvidia by restricting its ability to sell advanced chips to China.Condizioni e Informativa sulla privacyPrivacy & Cookie SettingsMore InfoS&P 5005,911.69 -0.48 (-0.01%)Dow 3042,270.07 +54.37 (+0.13%)Nasdaq19,113.77 -62.13 (-0.32%)Russell 20002,066.29 -8.49 (-0.41%)VIX18.57 -0.61 (-3.18%)Gold3,289.40 -27.70 (-0.84%)PortafoglioEffettua l'accesso per consultare il tuo portafoglioAccediMaggiori rialziRGC Regencell Bioscience Holdings Limited 877.00 +136.02 (+18.36%)PONY Pony AI Inc. 19.26 +2.11 (+12.30%)ULTA Ulta Beauty, Inc. 471.46 +49.67 (+11.78%)MP MP Materials Corp. 21.79 +2.02 (+10.22%)ZS Zscaler, Inc. 275.70 +24.59 (+9.79%)Maggiori ribassiSMMT Summit Therapeutics Inc. 18.22 -7.99 (-30.50%)GAP The Gap, Inc. 22.31 -5.64 (-20.18%)REGN Regeneron Pharmaceuticals, Inc. 490.28 -115.11 (-19.01%)AMBA Ambarella, Inc. 52.64 -9.36 (-15.10%)COO The Cooper Companies, Inc. 68.28 -11.68 (-14.61%)I più scambiatiNVDA NVIDIA Corporation 135.13 -4.06 (-2.92%)LCID Lucid Group, Inc. 2.2300 -0.1800 (-7.47%)PLTR Palantir Technologies Inc. 131.78 +9.46 (+7.73%)F Ford Motor Company 10.38 +0.16 (+1.57%)TSLA Tesla, Inc. 346.46 -11.97 (-3.34%)Eventi relativi agli utiliTicker più popolariBTC-USD Bitcoin USD 104,600.66 +515.91 (+0.50%)XRP-USD XRP USD 2.17 +0.04 (+1.73%)ETH-USD Ethereum USD 2,527.23 -9.99 (-0.39%)BTC-CAD Bitcoin CAD 143,726.53 +708.88 (+0.50%)MMM 3M Company 148.35 -1.28 (-0.86%)Principali eventi economici