Nvidia price target raised to $210 from $205 at Truist

Truist analyst William Stein raised the firm’s price target on Nvidia (NVDA) to $210 from $205 and keeps a Buy rating on the shares after its Q1 earnings beat. Despite China export controls, AI demand and the company’s execution continue to drive upside, and excluding export controls, Nvidia Q1 result and Q2 guidance would have beaten consensus handily, the analyst tells investors in a research note. Aligned with feedback from the firm’s industry contacts, Truist sees demand for Nvidia gear from CSPs, enterprises, and sovereigns, as “still increasing”.