Nvidia (NVDA) shares are rallying in Monday's trading session following a price target upgrade from Piper Sandler. The investment firm raised its target for ...
) shares are rallying in Monday's trading session following a price target upgrade from Piper Sandler . The investment firm raised its target for the chipmaker to $140 from $120, maintaining an Overweight rating an) received a boost from Wells Fargo analysts, who raised the tech giant's price target to $275 from $225. The bank highlighted Piper Sandler raising its price target on NVIDIA to 100 and 40 bucks a share.
A lot of that surrounding the A I play, and whether or not at least it looks like in early view, the consensus seems to be or expectations are there's going to drive a large upgrade cycle, and ultimately that will then be a bullish factor here for Apple and then when you take a look at NVIDIA. The big question has been whether or not that upgrade cycle is going to potentially have a end in sight and whether customers are maybe waiting for newer, more powerful chips because they know that NVIDIA is going to be coming out with more of our own.
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