Nvidia (NVDA) shares are extending gains this morning after the company secured approval from President Donald Trump’s administration to export several billion dollars’ worth of its chips to the United Arab Emirates. 

This initial batch of artificial intelligence (AI) chips is reportedly earmarked for U.S. firms operating data centers in the UAE, not for direct use by local companies like G42. 

Following today’s gain, Nvidia stock is trading at a new all-time high above $195. 

Why the Export License Means Good Things for Nvidia Stock

NVDA stock is pushing higher today primarily because the aforementioned export approval signal a major geopolitical win for the Santa Clara-headquartered semiconductor behemoth. 

It unlocks billions in revenue from a high-demand region without triggering regulatory backlash. 

Routing AI chips to U.S.-controlled data centers in the United Arab Emirates enables Nvidia to side-step national security concerns while expanding its footprint in a strategic market. 

It reinforces the giant’s dominance in global AI infrastructure, boosts its near-term sales visibility, and aligns it seamlessly with the current U.S. trade directives. 

Investors are reading this as validation of the company’s ability to navigate complex export control and monetize international demand, fueling bullish sentiment and upward momentum in Nvidia shares. 

How High Can NVDA Shares Go Over the Next 12 Months?

Cantor Fitzgerald analysts are convinced that NVDA shares are not out of juice just yet. 

On Thursday, the investment firm maintained its “Buy” rating on the AI stock and raised its price target to $300, indicating potential upside of another 50% from here. 

According to its experts, artificial intelligence is “not a bubble.” In fact, “we’re still in early innings of the AI investment cycle,” they told clients in their latest research note. 

Cantor Fitzgerald expects AI infrastructure to be a more than $3 trillion market by the end of this decade, adding Nvidia stock sits right at the heart of that TAM at present. 

What’s the Consensus Rating on Nvidia?

Other Wall Street firms agree with Cantor Fitzgerald’s bullish stance on Nvidia shares as well. 

The consensus rating on NVDA stock currently sits at “Strong Buy” with the mean target of about $217 indicating potential upside of more than 10% from here.