After a rough day for its shares, which saw the stock tumble by more than 5%, NVIDIA is in for some optimism in a fresh note released by Jefferies. Jefferies increased NVIDIA’s share price target to $150 from $135 in an analyst note released earlier today as it kept a Buy rating on the shares. The share price target upgrade is based on an Asian tour made by Jefferies’ analysts in May that led them to believe that NVIDIA might capture even more of the multi trillion dollar AI market than expected since it had asked for a 25% capacity […]
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