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.

Nvidia stock spiked on Tuesday. The AI chip titan said it had received assurances from the administration that it can resume sales of key AI chips to China.

U.S. stock futures were mostly higher early Tuesday after Nvidia said it will restart some chip sales to China, and investors digested a raft of bank earnings ahead of key inflation data on a busy day for markets.