Despite a sharp pullback in Nvidia Corp‘s (NASDAQ:NVDA) shares this month, a potential policy reversal on U.S. chip exports to China could dramatically boost the company's outlook, according to Deepwater Asset Management's Gene Munster.

Trump Reportedly Administration Weighs H200 Exports To China

On Friday, Reuters reported that the Donald Trump administration is considering allowing Nvidia to restart sales of its high-end H200 AI chips to China.

The Commerce Department is reportedly reviewing restrictions that previously blocked the chip over national security concerns.

The move would mark a significant shift for Nvidia, whose China business collapsed after export bans tightened.

Previously, Nvidia CEO Jensen Huang said the company's market share in the region plunged from 95% to zero, adding that he couldn't imagine "any policymaker thinking that's a good idea."

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Munster: Reopening China Could Turn 49% Growth Into 72%

In a video posted on social media, Munster said the potential policy change represents a "material win" for Nvidia and investors, estimating that turning H200 shipments back on could lift Wall Street's expected revenue growth from 49% to roughly 72%.

He said former Trump administration officials told him that Nvidia chips have been a central point in ...