Nvidia price target raised to $1,200 from $1,100 at Susquehanna

Susquehanna raised the firm’s price target on Nvidia (NVDA) to $1,200 from $1,100 and keeps a Positive rating on the shares. The firm said they again delivered a beat and raise on continued AI momentum, as all DC customer types grew QOQ. Growth for DC Enterprise and Consumer Internet customers was particularly strong as NVIDIA called out healthy demand from the likes of Tesla (TSLA) and Meta (META).