Truist raised the firm’s price target on Nvidia (NVDA) to $307 from $287 and keeps a Buy rating on the shares. The company delivered a clean beat and raise quarter, the analyst tells investors in a research note, adding that demand is not letting up and Nvidia growth is re-accelerating. Truist further states that it continues to believe that AI is not in a bubble, that the AI Total Addressable Market – TAM – CAGR is realistically 50%, and that the 2030 TAM is $3T-$4T.
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