Wells Fargo & Co. raised its 12-month price target on Nvidia Corp. to $220 from $185 while reiterating an Overweight rating, implying an upside of nearly 19% for the world’s largest maker of artificial-intelligence chips. The bank said the shares could climb a further 20% on expectations that a recently reported U.S. export-license agreement will allow Nvidia to resume shipments of H20 graphics processors to China. The revision comes ahead of Nvidia’s fiscal second-quarter results due on 27 Aug., when Wall Street will focus on data-center demand, the rollout of next-generation Blackwell GPUs and the financial impact of renewed China sales. Goldman Sachs separately increased its target to $200, underscoring heightened optimism after the stock’s 72% rally this year.