Will NVIDIA Stock Go Up to $192? Analyzing the Target from Analysts

Nvidia (NASDAQ: NVDA) has once again captured Wall Street’s attention after Mizuho raised its price target to $192 per share. This bullish revision follows the Trump administration’s announcement that Nvidia can resume shipments of its advanced AI GPUs to China—a development that could unlock billions in fresh revenue.

But what exactly is driving this optimism? Is the $192 target realistic, and should investors consider buying NVDA now? Let’s unpack the latest catalysts behind this move and the broader outlook for one of the most important semiconductor companies in the world.

Read Also: What Is NIVIDIA? Price, How to Buy

Key Takeaways

• Mizuho raised Nvidia’s price target to $192, citing renewed China GPU shipments.
• Nvidia previously estimated an $8 billion quarterly revenue impact from export restrictions.
• Major Chinese customers are already applying for licenses to receive Nvidia’s H20 chips.
• BofA Securities and William Blair also reiterated bullish views, pointing to significant earnings upside.
• Nvidia’s market capitalization has reached $4.17 trillion, reflecting strong investor conviction.

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Why the Price Target Was Raised

The main driver of Mizuho’s upgrade is the Trump administration’s policy reversal, allowing Nvidia to resume AI GPU exports to China. Earlier this year, the company had warned investors that restrictions on H20 chip shipments could wipe out as much as $8 billion in revenue during the July quarter.

This policy change is a major win for Nvidia, effectively re-opening what analysts estimate is a $50 billion addressable market for AI accelerators and GPUs.

Mizuho Analyst Note:
 “Nvidia stands to benefit immediately as Chinese customers such as ByteDance and Tencent begin applying for import licenses.”

The relief comes at a time when demand for AI infrastructure is soaring globally. Nvidia’s GPUs power data centers and generative AI applications, making them indispensable for companies racing to build advanced AI capabilities.

Additional Analyst Upgrades

Mizuho isn’t the only firm turning bullish. In recent weeks:

• BofA Securities raised its Nvidia target to $220, highlighting potential earnings boosts from resumed H20 shipments.
• William Blair reiterated an Outperform rating, citing strong demand in China and robust fundamentals.
• Citi maintained its Buy rating and emphasized upside potential from the new RTX PRO GPUs tailored for Chinese markets.

These upgrades underscore Nvidia’s growing importance as a foundational technology provider for the AI era.

Read Also: Arbitrum is Leaving Its NVIDIA Partnership

What the China Policy Change Means for Nvidia

Before the policy shift, Nvidia had been forced to write down significant inventory and delay production for the Chinese market. The resumption of exports provides a dual benefit:

1. Immediate Revenue Recovery: Nvidia can start fulfilling backlogged orders from major Chinese tech companies.
2. Long-Term Market Access: The company is working on the Blackwell project, a next-generation chip design that complies with U.S. export requirements and ensures continued sales to China.

This strategic combination positions Nvidia to regain momentum in one of its most lucrative regions.

Latest NVDA Financial Highlights

According to InvestingPro data:

• Revenue Growth: 86% year-over-year
• Market Cap: $4.17 trillion
• Current Price: $170.65 (as of the latest trading session)

Such explosive growth makes Nvidia one of the fastest-growing mega-cap stocks in the market.

Is $192 a Realistic Price Target?

Whether Nvidia hits $192 in the near term will depend on several factors:

• Follow-through on China shipments: Analysts expect that license approvals for ByteDance, Tencent, and other firms will begin contributing to revenue this quarter.
• Broader AI demand: Companies worldwide continue to invest in large language models and AI infrastructure, supporting robust GPU sales.
• Regulatory stability: Any new trade tensions could reintroduce uncertainty.

That said, multiple research desks now see Nvidia’s fair value well above $190, especially if the AI chip boom remains strong through 2025.

What Other Analysts Are Saying

Here’s a snapshot of recent sentiment from leading investment banks:

• BofA Securities:
   “Nvidia is a top beneficiary of the AI revolution and will likely deliver upside surprises in earnings as China demand recovers.”
• William Blair:
   “Resumed GPU shipments to China remove a significant overhang. NVDA remains a core long-term holding.”
• Citi:
   “The RTX PRO GPU could create a new multi-billion-dollar product line, driving sustained revenue growth.”

Read Also: NVDA Stock Analysis: Is Nvidia Still a Buy After the AI Boom?

FAQs

Why did Nvidia’s stock get upgraded to a $192 price target?

Mizuho raised the target after the U.S. government allowed Nvidia to resume AI GPU exports to China, reversing a policy that had threatened billions in revenue.

How much could resumed China shipments add to Nvidia’s earnings?

Analysts estimate that China demand for AI accelerators could contribute up to $10 billion in near-term revenue.

Is Nvidia stock still a buy?

Many analysts maintain Outperform or Buy ratings, citing long-term AI demand and strong fundamentals, but investors should watch for potential policy reversals or supply chain disruptions.

What’s next for Nvidia’s product roadmap?

Nvidia is working on the Blackwell project, a next-generation chip designed to comply with U.S. export regulations while delivering high performance to Chinese customers.

Final Thoughts

The $192 price target is a vote of confidence in Nvidia’s ability to adapt and thrive even amid trade restrictions. With AI spending accelerating worldwide and China access returning, Nvidia appears well-positioned to continue its leadership in the semiconductor sector.

However, given the geopolitical backdrop, investors should be prepared for volatility. Those with a long-term horizon and conviction in AI growth may see Nvidia’s pullbacks as opportunities to accumulate shares.