Truist raised the firm’s price target on Nvidia (NVDA) to $283 from $275 and keeps a Buy rating on the shares. The company delivered a clean beat and raise quarter with demand not letting up and, despite shortages, Nvidia’s growth is re-accelerating, the analyst tells investors in a research note. Truist maintains its view that “AI is not in a bubble” and that the AI total addressable market CAGR is “realistically 50%”.
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