Semiconductor giant Nvidia continues to be a Wall Street favorite -- and for all the right reasons. The company's transition from a prominent GPU company to a full-stack artificial intelligence (AI) infrastructure provider has been genuinely exceptional.

Needham is the latest Wall Street giant to crank up Nvidia’s price target, and the jump is big. The firm bumped its price target to $200 from $160, while maintaining a buy rating, following Nvidia’s confirmation that it’s gearing up to resume H20 chip sales to China.

Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?

Key Points D-Wave Quantum and Nvidia are building technology to drive the advancement of artificial intelligence.D-Wave's quantum computing solutions catapulted Q1 revenue to $15 million, an incredible 509% year-over-year increase.

SoundHound AI's share price has actually benefited from a big rally over the last few months. stocks we like better than SoundHound AI › SoundHound AI (NASDAQ: SOUN) stock saw a dramatic valuation pullback across the first half of this year's trading.

Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.