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Nvidia updated order visibility ‘beats the bogey’, says Wells Fargo

Wells Fargo analyst Aaron Rakers keeps an Overweight rating and $265 price target on Nvidia (NVDA) after attending the company’s GTC Keynote presentation by its CEO Jensen Huang. The company has updated its order visibility where by it now sees “at least” $1T for 2025-2027 vs. $500B estimated last year through 2026, and this estimate “beats the bogey”, the analyst tells investors in a research note.

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