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Nvidia Target Raised to $345 as Hyperscalers Fuel Vera Rubin Demand

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The Story

News Summary

  • GF Securities raised Nvidia's price target to $345 from $308, reiterating a Buy rating ahead of earnings.
  • Analyst Jeff Pu highlighted surging demand for Nvidia's next-generation Vera Rubin architecture among major hyperscalers including Microsoft, Amazon, and Google, maintaining its competitive edge over rival custom accelerators.
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NVDA price history

218.29 +19.87% over the displayed period

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