Needham is the latest Wall Street giant to crank up Nvidia’s price target, and the jump is big. The firm bumped its price target to $200 from $160, while maintaining a buy rating, following Nvidia’s confirmation that it’s gearing up to resume H20 chip sales to China.

Tuesday after the company said it expects to be able to sell its H20 chips to China again, along with a new export-control-compliant chip for artificial intelligence. The development clears an overhang — for now — and sets Nvidia on a path toward potentially more big market-capitalization milestones with its China revenue opportunity unlocked.