Mizuho raised the firm’s price target on Nvidia to $290 from $230 and keeps a Buy rating on the shares following the GTC keynote address. The firm believes Nvidia is past the "seasonal trough" and says the second half of 2023 sets up with continued DC Hopper and Generative AI ramps. The stock remains remains a 2023 Mizuho Top Pick despite being up 78% year-to-date.
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Published first on TheFly
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