Analysts revise Nvidia stock price targets after H20 China ban

Core Viewpoint - Nvidia's stock experienced a significant decline following the announcement of an export ban on the H20 chip to China, potentially leading to a $5.5 billion writedown in the upcoming quarterly report [1]. Stock Performance - Nvidia shares closed at $112.20 before the announcement and fell to $104.69 in pre-market trading on April 16, resulting in year-to-date losses of 22.04% [1]. Analyst Reactions - Piper Sandler analyst Harsh Kumar reduced the 12-month price forecast for Nvidia from $175 to $150, citing a drop in sales and muted demand from China as key factors [4]. - Raymond James analyst Srini Pajjurri lowered the price target from $170 to $150 while maintaining a 'Strong Buy' rating, noting that China represents approximately 14% of Nvidia's sales [5]. - Bank of America analyst Vivek Arya cut the price target from $200 to $160, outlining two tariff scenarios that could impact sales by 4% to 12% and EPS by 12% to 13% [6]. Future Outlook - Despite the price target reductions, analysts maintain bullish outlooks, with Piper Sandler and Raymond James indicating a potential upside of 43.28% and Bank of America suggesting a 52.83% upside compared to current prices [7].