Momentum is building in the AI sector after reports emerged that the Trump administration plans to dismantle strict chip export rules introduced under President Biden.
The proposed reversal has reignited optimism around top semiconductor firms, with Nvidia and AMD both bouncing in response.
Nvidia, which had faced a turbulent start to the year amid U.S.-China tech tensions, appears to be regaining ground. The stock posted back-to-back gains this week after news surfaced that new rules are being drafted to simplify international chip trade.
A statement attributed to the Commerce Department suggested the current policy “chokes innovation” and will be replaced with a framework aimed at boosting U.S. leadership in artificial intelligence.
Following the announcement, Nvidia shares climbed 3% on Wednesday and kept the momentum going into Thursday, aided further by news of a fresh U.S.–UK trade agreement. The stock is now hovering around $118, with analysts eyeing potential upside.
Market watchers are split on how far Nvidia can go from here. While the median forecast from analysts points to a $160 target—a 35% gain from current levels—bullish projections go as high as $235. Even with downside risks near $100, the changing policy landscape could set the stage for a longer-term rally.
Nvidia’s recent market retreat hasn’t shaken analysts’ confidence in the stock’s long-term potential. Despite a dip to $135.13 at the close of the last session, chart watchers say a powerful setup could send NVDA soaring toward the $200 mark in the coming months.
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As Nvidia’s stock continues its upward surge, company executives are preparing to cash in. CEO Jensen Huang is expected to sell up to $800 million worth of shares under a trading plan adopted earlier this year, marking his first such sale of 2025.