As previously reported, Aletheia upgraded Nvidia (NVDA) to Buy from Hold with a $250 price target The stock closed Friday up $1.92 to $189.82. The firm sees industry-wide compute spending rising 75% year-over-year to $530B. Nvidia and the tensor processing unit supply chains will continue to capture the “lion’s share of value creation,” the analyst tells investors in a research note. Aletheia views the stock as “too cheap to ignore” into Nvidia’s Q4 report, which it expects to top expectations.
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