Importantly, several Wall Street analysts have updated or reiterated their forecasts since DeepSeek published its research paper last week, and they all see upside in Nvidia stock from its current price of $128 per share. Gil Luria at D.A. Davidson set his target price at $135 per share, implying a 5% upside.

Optimists looking for an encore performance from Wall Street were handsomely rewarded in 2024. Last year, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all achieved multiple record-closing highs and ended higher by 13%, 23%, and 29%, respectively.

U.S. President Donald Trump will meet Nvidia CEO Jensen Huang to discuss restricting AI chip sales to China amid growing concerns over China's advancements in AI. DeepSeek's AI app success has intensified worries,

Nvidia said in a statement it is "ready to work with the administration as it pursues its own approach to AI."

Republican John Moolenaar and Democrat Raja Krishnamoorthi, who lead the House Select Committee on China, asked for the move as part of a Commerce and State Department-led review ordered by President Donald Trump to scrutinize the U.S. export control system in light of "developments involving strategic adversaries."

Nvidia (NVDA) stock is in focus as the artificial intelligence (AI) chipmaker CEO Jensen Huang is set to meet with US President Donald Trump Friday afternoon, according to reporting from Yahoo Finance's Julie Hyman,

President Donald Trump has threatened to impose tariffs on Taiwan-made chips, which could hit Nvidia, one of TSMC's biggest customers.

President Donald Trump is scheduled to meet with Nvidia CEO Jensen Huang at the White House on Friday, when they will discuss AI, chips as well as the industry's energy needs.

Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend the events on Monday.

Taiwan’s government will soon look at whether it needs to help its domestic industry over threats by President Donald Trump to put tariffs on semiconductors, Premier Cho Jung-tai said on Wednesday.

President Donald Trump will meet with Nvidia Corp. chief executive Jensen Huang at the White House on Friday, according to people familiar, days after a new Chinese AI model from DeepSeek sparked concern among technology industry leaders and tanked the US stock market.