Nvidia Q1 beat expected despite $800M H20 export ban hit

  • Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is facing near-term headwinds from the US export ban on its H20 GPUs, prompting UBS analysts to trim their price target on the chipmaker to $175 from $180 ahead of its fiscal first quarter 2026 earnings report. Shares of Nvidia traded up 5.2% at about $122 on Monday amid a broader market rally as the US and China agreed to temporarily lower tariffs.