Wall Street analysts at Stifel, Bernstein, and William Blair said Nvidia could make up as much as $15 billion in revenue from China from resuming chip sales. This past Tuesday, the chipmaker announced that it will resume sales of its AI chips in China, after an export ban from April was lifted. Analysts suggest that the return of selling in China could send the stock higher.
Wall Street analysts at Stifel, Bernstein, and William Blair said Nvidia could make up as much as $15 billion in revenue from China. The second half revenue could bring Nvidia’s 2025 revenue to around $20 billion from the region for its 2026 fiscal year, which ends next January. That would be an uptick from its roughly $17 billion in sales from China in 2025. Stock forecasts for Nvidia (NVDA) are also rising as investors get more bullish.
Wall Street Goes Bullish on Nvidia (NVDA)
At least seven Wall Street firms raised their price targets on Nvidia (NVDA) stock as a result of the lifted ban. Melius Research analyst Ben Reitzes reiterated his buy rating on Nvidia stock and upped his price target to 235 from 205. Meanwhile, Stifel analyst Ruben Roy raised his price target on Nvidia to $202 from $180 following the news, writing in a note to clients Tuesday that, given pent-up demand, there will “likely be an accelerated cadence of H20 ingestion from China customers” in the second half of the year.
Roy sees Nvidia’s China revenue hitting $19.5 billion in 2026, including its H20 sales in the first quarter. However, he added that the company’s ability to hit that target depends on manufacturing capacity at its contract manufacturer TSMC, which he said is “tight.” Furthermore, Bernstein analyst Stacy Rasgon sees Nvidia raking in anywhere between $10 billion and $15 billion in revenue from China in the second half of the year — implying that the company would hit anywhere from $15.5 billion to $20.5 billion in revenue for the full year — writing, “they still have to get licenses granted … then secure purchase orders, then have parts built and shipped.”
Also Read: Nvidia (NVDA) to launch new AI chip “specifically for China”- FT
Nvidia (NVDA) stock is up 5.5% in the last five days, picking up steam en route to the historic $4 trillion market cap. The company now sits over $400 billion ahead of second-place Microsoft (MSFT) and over $1.1 trillion ahead of Apple (AAPL). Its stock is also trading near the top of its 52-week range and above its 200-day simple moving average.