Nvidia's stock has experienced a significant rally, reaching new highs and leaving behind early-year slumps. The company’s shares surged 48% over the past three months and 36% year-to-date, driven by investor confidence and strategic developments. Wells Fargo analyst Aaron Rakers raised Nvidia’s price target from $185 to $220, implying about 20% upside, citing a deal with the U.S. government allowing Nvidia to resume AI chip sales to China in exchange for revenue sharing, potentially restoring $8 billion in quarterly revenue. Rakers also highlighted strong U.S. import and Taiwanese export data indicating rising AI server demand. Meanwhile, Goldman Sachs analyst James Schneider anticipates Nvidia will deliver a 'beat-and-raise' quarter ahead of its fiscal Q2 results on August 27. He has increased his revenue forecasts for the datacenter segment by 8%, with projections for FY2Q and FY3Q at $41.9 billion and $51.5 billion, respectively, which are above consensus estimates. Schneider also expects the resumption of China sales could add approximately $20 billion in revenue and $0.40 in EPS by FY27. He maintains a Buy rating on Nvidia with a raised price target of $200 from $185, suggesting a potential 9.5% upside. The analyst notes that investor sentiment is overwhelmingly bullish, with 33 out of 37 analysts recommending buying, though the average target of $186.24 indicates a rangebound outlook. Key factors influencing Nvidia's near-term stock movement include the pace of product ramp-up outside China, details on China sales' impact on margins, and gross margin trajectories. Overall, Nvidia’s strategic agreements, strong demand signals, and positive analyst outlooks underpin its recent rally and optimistic growth prospects, with attention on upcoming earnings and guidance to determine future stock momentum.