Truist keeps the firm’s Buy rating and $283 price target on Nvidia (NVDA) ahead of the annual GPU Tech Conference next week. The firm anticipates updates on supply-demand, market growth, and trends in the current and emerging semiconductor technologies. It also believes the GTC to be a positive catalyst for Nvidia because it expects management to signal that supply, production, and demand will align to support continued growth in the near to medium term, the analyst tells investors in a research note.
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