Truist raised the firm’s price target on Nvidia (NVDA) to $287 from $283 and keeps a Buy rating on the shares. Following day two of the company’s annual GPU Tech Conference, the firm said takeaways include that three inference demand drivers are combining forces now; that inference requires leadership in tokenomics and Nvidia is addressing this need with new systems; and that backlog is growing and suggests upside to consensus. In response to management’s comments, the firm raised its calendar year 2027 Datacenter sales estimate to $468B from $439B and its calendar 2027 EPS estimate to $11.48 from $10.12, the analyst noted.
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