One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.

Shares in Nvidia rallied sharply Tuesday morning, helping boost the entire market, after the company said the U.S. government will again allow it to ship powerful AI chips to China. Why it matters: The export ban cost the company more than $10 billion in revenue,

Nvidia announced Monday that it's filing applications to restart sales of its H20 artificial intelligence chips to China, capping a spasmodic few months