Nvidia price target raised to $195 from $135 at DA Davidson

DA Davidson raised the firm’s price target on Nvidia (NVDA) to $195 from $135 and keeps a Neutral rating on the shares. The company reported “mixed” Q2 results with data center revenue coming in slightly lower than expected, and sentiment surrounding the quarter largely being driven by continued concern around the company’s ability to sell H20s into China, the analyst tells investors in a research note. The firm adds however that its work around AI models, particularly on the algorithmic side, is indicating that demand for compute is unlikely to subside in the foreseeable future given trends it is seeing in pre-training, post-training, and inference.