TD Cowen raised the firm’s price target on Nvidia (NVDA) to $235 from $175 and keeps a Buy rating on the shares. Nvidia shares trade at a discount to Broadcom (AVGO) despite offering a “cleaner set-up,” the analyst tells investors in a research note. TD believes Nvidia remains the “best and cleanest way” to gain exposure to artificial intelligence. It says the company is positioned to beat high expectations into earnings.
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