DA Davidson keeps a Buy rating and $250 price target on Nvidia (NVDA) ahead of its Q4 results. The earnings report may not represent as much of a bellwether for the market for the first time in a couple of years as the market has picked other AI winners – Google (GOOGL), Broadcom (AVGO), memory chips and optical companies, the analyst tells investors in a research note. The firm adds however that this represents an opportunity, since while these other companies’ expectations are discounting a multi-year AI cycle, Nvidia share price is currently discounting a 2026 peak in AI demand.
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