NVIDIA (NVDA) stock has picked up the pace of late, up 10% in five days and over 18% since April 14. With CEO Jensen Huang accompanying President Trump to China for a summit with other big-tech leaders, NVDA investors back home are growing bullish. NVDA’s Thursday climb comes on the back of the U.S. clearing around 10 Chinese firms to buy Nvidia’s second-most powerful AI chip, the H200.

Huang, who was ‌not initially listed in a White House delegation to Beijing, joined the trip after an invitation from President Donald Trump, a source said. Trump picked him up in Alaska en route ‌to a summit with Chinese President Xi Jinping, raising hopes the trip could finally unlock stalled efforts to sell the Nvidia H200 chips in China.

In addition, Wall Street is back on the bullish train for NVIDIA (NVDA), with several revised forecasts projecting gains. Wells Fargo analysts are the latest to reiterate their price prediction with a new target. The leading global bank has officially raised the target, implying a surge of 40% from its current price of $235. This could put NVDA shares well on the way to breaching the $250 level and surging to a further ATH of $300 as soon as this Summer.

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Nvidia has also announced several new products in Q1 as part of its GTC event in March, including its Groq 3 language processing unit (LPU) and CPU-only server. Huang also said at the time that he sees $1 trillion in sales of its Grace Blackwell and Vera Rubin chips. This strong revenue projection and new products have investors heavily intrigued, which is also helping drive NVDA stock’s price higher.

Furthermore, NVIDIA (NVDA) is scheduled to report fiscal Q1 earnings on May 20, with analysts expecting EPS of $1.76 and revenue of $78.75 billion amidst ongoing U.S.-China trade dynamics. Should Huang’s China visit go well and the earnings beat forecasts, NVDA to $250 isn’t out of the picture by May’s end, and could even be surpassed.