Truist analyst William Stein raised the firm’s price target on Nvidia to $289 from $266 and keeps a Buy rating on the shares after its Analyst day / GTC user conference announcements. The company introduced some new hardware, software, and services that should accelerate Nvidia’s growth "somewhat", the analyst tells investors in a research note. The firm adds that as parallel and disaggregated compute for AI are gaining steam, Nvidia’s leadership becomes "ever-more undisputable".
Published first on TheFly
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