NVIDIA Corp. (NVIDIA (NVDA)) is making moves on both sides of the Taiwan Strait. CEO Jensen Huang is in Taipei this week, talking up AI infrastructure, a new headquarters, and — perhaps most notably — the company's continued interest in China, a market that remains complicated thanks to U.S. export controls.

Speaking in Taipei, Huang said NVIDIA's projected $200 billion CPU market opportunity includes China, underscoring that the company isn't walking away from the world's second-largest economy. He described China as a "very important" and "very large" market, especially after the U.S. granted licenses allowing NVIDIA to sell its H200 chips to about 10 Chinese firms. But here's the catch: no deliveries have actually happened yet. So it's more of a "we're ready when you are" situation.

This isn't just about GPUs anymore. Huang recently told investors that NVIDIA's new Vera CPUs expand the company's addressable market beyond graphics processing units. As demand rises for agentic AI systems — think AI that can act autonomously — you need broader computing architectures. CPUs become a bigger piece of the puzzle, and China is a big piece of that pie.

Taiwan Headquarters: Big Plans, But Permits Pending

Huang arrived in Taiwan last week and is scheduled to attend an employee event in Taipei on Tuesday to celebrate the launch of NVIDIA's planned Taiwan headquarters project at Beitou Shilin Technology Park. He also plans to meet with Quanta Computer chairman Barry Lam and Taiwan Semiconductor Manufacturing Company Ltd. (TSM) chairman C.C. Wei, while attending a ceremonial groundbreaking event, according to the Taipei Times.

Taipei Mayor Chiang Wan-an said the project shows Taipei's growing role in the global AI ecosystem and reflects NVIDIA's confidence in the city. But there's a reality check: Taipei Construction Management Office Director Yu Chi-hsueh noted that NVIDIA hasn't yet applied for the required construction permit or completed the city's urban design review. So the groundbreaking might be more symbolic than shovels-in-the-ground for now.

Computex and AI Infrastructure

Huang is also slated to deliver a keynote at Computex Taipei next week, where he'll discuss AI infrastructure and next-gen computing trends. He won't be alone on stage — the Taiwan External Trade Development Council (TAITRA) said Marvell Technology Inc. (MRVL) chairman and CEO Matt Murphy will join Huang for a session focused on how connectivity and collaboration can support next-generation AI infrastructure.

NVIDIA has already invested heavily in Taiwan's semiconductor ecosystem through long-standing partnerships, even though it hasn't announced a formal large investment program like Advanced Micro Devices, Inc. (AMD)'s recent $10 billion Taiwan initiative. Huang added that NVIDIA is ramping production of its Vera Rubin platform — which combines Vera CPUs with Rubin GPUs — creating what he described as a "very busy second half" for Taiwan's semiconductor supply chain.

The Bigger Picture: NVIDIA's AI Empire

NVIDIA started as a gaming GPU company, but over time its chips became the backbone of artificial intelligence. GPUs are great for the parallel computing needed to train and run large language models. Beyond hardware, NVIDIA sells the CUDA software platform, which helps developers build and train AI models and can deepen customer lock-in. The company is also expanding into data center networking, aiming to connect large GPU clusters so customers can run bigger, more complex workloads.

Earnings and Analyst Outlook

The next big catalyst for NVIDIA stock is the estimated August 26, 2026 earnings report. Here's what analysts are looking for:

• EPS Estimate: $2.05 (up from $1.04 a year ago)
• Revenue Estimate: $91.71 billion (up from $46.74 billion a year ago)
• Valuation: P/E of 33.0x — a premium relative to peers

Analyst consensus is a Buy, with an average price target of $318.12. Recent analyst moves include:

• UBS: Buy, raised forecast to $280.00 (May 21)
• Evercore ISI Group: Outperform, raised forecast to $413.00 (May 21)
• Keybanc: Overweight, raised forecast to $310.00 (May 21)

Price Action

NVIDIA shares were up 0.88% at $217.22 during premarket trading on Tuesday.