Nvidia's CEO has sold millions of dollars worth of his company's shares this year, and he's not done selling yet.

The chip company is waiting to sell its H20 chips in China again, which a Mizuho analyst said will help the case for its earnings per share to reach $7 next fiscal year.

Nvidia stock boom continues as AI demand and GPU dominance push NVDA toward $5T. Analysts forecast $200B in revenue this fiscal year.

Nvidia ( NVDA -0.12%) has been one of the best-performing stocks in recent years, with its price up more than 1,000% since 2023 and around 250% since 2024. However, one Wall Street analyst believes that Nvidia still has plenty of room to soar.

Amazon.com, Microsoft, and Meta Platforms all report this week and are major customers for Nvidia. The figure to watch is capital expenditure and whether they follow the example of Google-parent Alphabet, which raised its own capex forecast last week as it invests in AI infrastructure.

On Monday, Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

Meta Platforms is leveraging its massive user base to develop and test new AI products, aiming to maintain its leadership in social media and capitalize on future growth. Amazon is well positioned to benefit from the AI boom through the dominance of AWS.

NVIDIA Corporation (NASDAQ:NVDA) is one of the Trending AI Stocks on Wall Street. On July 25, JPMorgan reiterated the stock as “Overweight,” stating that the stock remains a top pick in AI networking.