DA Davidson lowered the firm’s price target on Nvidia (NVDA) to $125 from $135 and keeps a Neutral rating on the shares after attending the company’s Investor Day yesterday. The company remains focused on delivering superior AI accelerator products at an increasingly faster pace, with the announcement of Blackwell Ultra, while also highlighting the growing opportunity across industries, particularly with AI factories, but with that being said, the firm remains cautious about out year expectations, the analyst tells investors in a research note. DA Davidson adds that it has come away from the keynote speech and investor day “relatively unsurprised by the announcements”.
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