What's Going On With Nvidia Stock Thursday
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NASDAQ:NVDA) stock continues to attract investors despite potential risks from the U.S.'s stricter stance over China's AI ambitions. The U.S. is considering aggressive export controls to restrict sales of some AI chips to China, including Nvidia's A800 chip. However, Nvidia's CFO expects no material change to its earnings from the embargo. Analysts at Piper Sandler have increased their price target for Nvidia to $450 from $440 and reiterated an Overweight rating. Rosenblatt analyst also reiterates Nvidia with a Buy and a $600 price target.
June 29, 2023 | 4:48 pm
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Despite potential risks from the U.S.'s stricter stance over China's AI ambitions, Nvidia's stock continues to attract investors. Analysts at Piper Sandler have increased their price target for Nvidia to $450 from $440 and reiterated an Overweight rating. Rosenblatt analyst also reiterates Nvidia with a Buy and a $600 price target.
The news is directly related to Nvidia and its stock. Despite potential risks from the U.S.'s stricter stance over China's AI ambitions, Nvidia's stock continues to attract investors. This is evidenced by the fact that analysts at Piper Sandler have increased their price target for Nvidia to $450 from $440 and reiterated an Overweight rating. Additionally, a Rosenblatt analyst also reiterates Nvidia with a Buy and a $600 price target. These factors are likely to have a positive impact on Nvidia's stock in the short term.
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