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Nvidia stock continues to soar as analysts raise targets to $250 on AI chip demand. Can the rally hold, or is NVDA getting ahead of itself?

Nvidia stock was gaining after key partner Taiwan Semiconductor Manufacturing gave an upbeat outlook on artificial-intelligence processor demand.

Key Points Nvidia has been a surefire AI winner in recent years, soaring 1,400%, thanks to demand for its products.Two other AI players also offer promising futures in this high-growth field. These 10 stocks could mint the next wave of millionaires › Nvidia (NASDAQ: NVDA) has been a no-brainer buy for investors over the past couple of years.

Needham is the latest Wall Street giant to crank up Nvidia’s price target, and the jump is big. The firm bumped its price target to $200 from $160, while maintaining a buy rating, following Nvidia’s confirmation that it’s gearing up to resume H20 chip sales to China.

NVIDIA Corporation (NASDAQ:NVDA) is one of the best US stocks to buy according to Billionaires. On July 14, NVIDIA announced its intention to resume sales of its H20 AI chip to China.

Nvidia said it plans to resume sales of its best-selling H20 AI chip to China, days after CEO Jensen Huang met with President Donald Trump.

Nvidia just became the first company to reach a $4 trillion market cap. Analysts project Nvidia to grow earnings per share at high rates for several more years. It's difficult to find any companies that have benefited from the growth of artificial intelligence (AI) like Nvidia (NASDAQ: NVDA).

Nvidia stock jumped Tuesday after the AI chipmaker said it was applying to resume sales of its H20 GPUs to China.