Nvidia receives price target lifts over new AI chip for China
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Nvidia (NVDA) shares get a bump higher ahead of Monday's market close after two separate analyst teams raised their price target on the chip stock: Loop Capital maintained its Buy rating while raising its price target from $120 to $175 per share; Piper Sandler analysts held the stock at Overweight while moving their price target from $120 to $140.
Both firms are raising their price targets on reports the semiconductor manufacturer is working on a new Blackwell AI chip for Chinese markets.
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This post was written by Luke Carberry Mogan.