NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in the Spotlight This Week. On October 30, JPMorgan reiterated the stock as “Overweight,” stating that Nvidia is a beneficiary of “strong AI server spending.”
“We expect AI-related demand to drive a multi-year runway of growth for NVDA’s datacenter GPU business…”
On the same day, Mizuho raised the firm’s price target on the stock to $235 from $225 and kept an Outperform rating on the shares. The firm believes that Nvidia remains well positioned to “continue leading the AI race.”
NVIDIA Corporation specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
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