Rosenblatt raised the firm’s price target on Nvidia (NVDA) to $300 from $245 and keeps a Buy rating on the shares. The company reported Q4 revenue and profits well above consensus, the analyst tells investors in a research note. The firm says Nvidia “overcame many concerns,” including graphics processing unit capacity, tensor processing unit competition, memory supply and customer financing. Rosenblatt sees the company continuing to lead the AI market development.
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