Wells Fargo Analyst Upgrades Evaluation of NVIDIA Corporation (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) is among the 12 Best Performing Dow Stocks in 2025. 

On December 9, 2025, The Fly reported that Wells Fargo analyst Aaron Rakers upgraded his evaluation of NVIDIA Corporation (NASDAQ:NVDA). This was in response to official statements that the Trump Administration had finalized plans to remove export restrictions on the company’s H200 chips to China. Rakers labeled the development as an “incremental positive,” pointing out that it might generate $25 billion to $30 billion in revenue annually and boost earnings by 60-70 cents per share. NVIDIA Corporation (NASDAQ:NVDA) is still rated as Overweight by Wells Fargo, with a $265 price target.

Separately, the Financial Times reported via Reuters on the same day, citing two individuals familiar with the situation, that Beijing regulators are expected to restrict access to NVIDIA Corporation (NASDAQ:NVDA)’s H200 processors despite Trump’s export license.

Chinese officials are debating how to grant restricted access to NVIDIA Corporation (NASDAQ:NVDA)’s second-generation AI processor, the H200, according to the Financial Times report. The action might make it more difficult for American chipmakers to supply the Chinese market.

After the report, gains in NVIDIA Corporation (NASDAQ:NVDA) shares, which had increased by up to 2% in premarket trading, were reduced to 0.6%. Sales of advanced artificial intelligence processors to China were previously forbidden by U.S. regulations. Trump stated that a 25% tax will be applied to the authorized shipments.

NVIDIA Corporation (NASDAQ:NVDA) shares have shot up by 32.88% YTD as of December 10.

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