[DigitalToday reporter Jinju Hong] Nvidia shares rose for a seventh consecutive session and at one point on May 13 climbed to around $227. The move was seen as driven by renewed expectations for its artificial intelligence chip business in China after reports that U.S. President Donald Trump had personally added Nvidia CEO Jensen Huang (젠슨 황) to his Beijing trip schedule.

According to blockchain outlet BeInCrypto, expectations of re-entry into the China market are the core backdrop to the rise. Huang joined Trump’s Beijing delegation at the last minute on May 12. Nvidia had not originally been included on the official delegation list, but the schedule was reportedly adjusted after Trump contacted Huang directly.

China has sought expanded access to Nvidia’s H200 AI chip. Huang has also stressed the importance of the market, putting the size of China’s AI market at about $50 billion.

But the impact of Chinese regulation has already surfaced as a drag on results. Nvidia was reported to have taken a hit of about $4.5 billion in the July quarter after the Trump administration introduced tighter export licensing requirements than before. Huang has warned that restrictions on AI chip sales to China could lead to losses of up to $50 billion over the next 2 to 3 years.

On Wall Street, a string of target price increases followed. Bank of America analyst Vivek Arya (비벡 아리아) raised his Nvidia target price to $320 from $300. He forecast the AI data centre market could reach $1.7 trillion by 2030.

Wells Fargo’s Aaron Rakers (애런 레이커스) raised his target price to $315 from $265, and Susquehanna International Group’s Christopher Rolland (크리스토퍼 롤랜드) lifted his to $275 from $250. Citigroup kept its $300 target price, and Oppenheimer Holdings also maintained its $265 view.

Technical momentum also remained bullish. Nvidia has closed higher in consecutive sessions since it broke upward from a bullish flag pattern on May 6. The market has cited around $267 as a technical target that reflects the possibility of about a further 32 percent rise.

But fund inflow indicators looked less strong than the share price action. The Chaikin Money Flow (CMF) indicator held in positive territory at 0.24, but has edged down since a late-April peak. That suggests big-money inflows have softened even as the stock has risen.

Some caution signals also appeared in the options market. As of May 13, Nvidia’s put-to-call volume ratio was 0.32, slightly higher than 0.29 on May 6 when the bullish breakout occurred. Over the same period, the open interest ratio fell to 0.80 from 0.81. Put trading increased, but overall positioning still stayed centred on call options.

The $227 area is cited as a near-term inflection point. It is seen as a key resistance level that aligns with the 0.618 retracement of the recent upswing. The market sees room for additional gains to $235, $247 and $267 if the stock breaks and holds above $227 on a daily closing basis.

By contrast, an analysis also says the current breakout structure could weaken if the stock slips below $207, and the bullish trend itself could be shaken if it falls below $194.

The market’s attention is now turning to Nvidia’s earnings announcement scheduled for May 20. China AI chip hopes and higher Wall Street target prices have driven the recent rise, but actual results and guidance are emerging as the key variables that will determine further gains or a pullback.