英伟达可以在交易中大获全胜

Core Insights - Nvidia has established a partnership with Saudi Arabia to supply 18,000 GB300 Blackwell chips, valued between $1 billion to $1.3 billion, with a potential total partnership value of $11.5 billion if fully implemented [1] - The U.S. has abandoned the previously planned AI diffusion rules, which could impact Nvidia's performance in the Greater China market, potentially leading to a loss of $5.5 billion [1] - Nvidia is improving its H20 chip for the Chinese market, similar to its LHR GPUs during the cryptocurrency mining boom, indicating a strategic adaptation to export controls [1] Financial Outlook - Nvidia is set to announce its Q1 FY2026 earnings, with significant uncertainty surrounding trade and export control environments [2] - The company's valuation shows potential upside, with a target price of approximately $156, representing a 15.6% upside, and a higher target of $179 if only half of the supported upside is considered [2] - Despite being valued higher than peers, Nvidia's strong product line justifies this valuation, suggesting significant upside potential even under negative pressures [2]