Truist raised the firm’s price target on Nvidia to $1,177 from $911 and keeps a Buy rating on the shares. The firm is citing “still-improving” industry contact feedback while calling Nvidia “*the* AI company”, the analyst tells investors in a research note. Truist maintains its view of Nvidia as having the leading position in parallel compute and AI owing less to its chips and more to its culture of innovation, ecosystem of incumbency, and massive investment in software, services & models.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NVDA:
- DA Davidson software analysts hold an analyst/industry conference call
- Bank of America Weighs in on Nvidia Stock Ahead of Monday’s GTC Conference
- Here’s what Wall Street says about Nvidia ahead of ‘AI Woodstock’
- Super Micro Computer Stock (NASDAQ:SMCI): Three Long-Term Risks to Monitor
- China Urges EV Producers to Opt for Locally Made Chips
