BMO Capital analyst Ambrish Srivastava raised the firm’s price target on Nvidia to $305 from $255 and keeps an Outperform rating on the shares. The analyst states that the company has recognizing the larger opportunity in AI, and the results of its innovation efforts in the space are beginning to show. Nvidia’s GTC event showcased the ongoing evolution of the company’s business, from hardware, to software, to services, while extending the company’s reach into multiple industries, BMO tells investors in a research note.
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