NVIDIA Stock Slips 0.86% to $181.13 Despite Wells Fargo’s 20% Upside Prediction

NVIDIA Corp. (NASDAQ: NVDA) stock may be poised for a 20% rally. Wells Fargo analysts projected this stock upside based on the company’s latest US government deal on AI chip exports to China, according to a CNBC TV 18 report. This Trump NVIDIA arrangement is ‘unusual’, analysts told CNBC. It comes amid increasing tariff threats and trade war tensions. 

NVIDIA China chip deal would allow the company to resume exports of its H20 artificial intelligence chips to China. In exchange for it, the AI chip giant will pay the US government a 15% share of the sales. This arrangement, alongside strong US imports of automated data processing (ADP) machines, is seen as a favourable dual catalyst in Wells Fargo estimates.