One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.

Shares in Nvidia rallied sharply Tuesday morning, helping boost the entire market, after the company said the U.S. government will again allow it to ship powerful AI chips to China. Why it matters: The export ban cost the company more than $10 billion in revenue,

In a stunning turn of events, the chip maker said it expects to soon be able to sell its H20 AI chip in the country, sending shares sharply higher. On Monday, Nvidia said the U.S. government has assured the company it will approve its license applications to sell the H20 to China.