Truist raised the firm’s price target on Nvidia (NVDA) to $228 from $210 and keeps a Buy rating on the shares. The company’s Q2 missed the buyside revenue bogey but the firm sees this as a “minor imperfection”, focusing instead on the management’s resilient longer-term outlook, the analyst tells investors in a research note. Nvidia remains *the* AI company as its management has called out a 50% AI infrastructure total addressable market CAGR that is set to reach $3T-$4T by 2030, Truist added.
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