Why NVIDIA Shares Are Rising

NVIDIA Corporation (NASDAQ: NVDA) shares are trading higher after KeyBanc maintained an Overweight rating on the stock and raised its price target from $245 to $260. Keybanc analyst John Vinh noted ‘we are positive on NVDA, given strong demand trends for gaming GPUs despite significant crackdowns in China related to crypto mining.’ The analyst also noted ‘With pent-up demand and indications NVDA has been able to procure incremental capacity, this should support modest sequential growth and upsid


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