Deutsche Bank analyst Ross Seymore raised the firm’s price target on Nvidia to $220 from $200 and keeps a Hold rating on the shares. At its semiannual GTC event, the company highlighted how it is well positioned to enable artificial intelligence adoption across an ever-broadening array of end markets, the analyst tells investors in a research note. The firm continues to view Nvidia as the "undisputed leader" in providing AI silicon but believes "much of this goodness has already been reflected" in the share price.
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Published first on TheFly
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