The last research firm with the equivalent of a “sell” rating on Nvidia Corp. is throwing in the towel.
Morningstar Inc. upgraded the chipmaker to hold after blowout results on Wednesday that showed booming demand for artificial intelligence computing.
Nvidia now has 53 buy ratings and six holds, according to data compiled by Bloomberg. The shares have more than tripled this year, pushing the company’s market valuation to over $1 trillion.
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