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AI is extending visibility for NVIDIA (NVDA) - Jefferies

June 20, 2023 9:58 AM UTC

Buy-rated NVIDIA's (NASDAQ: NVDA) price target was lifted to $500 from $472 per share by Jefferies analyst Mark Lipacis in a note to clients Tuesday.

The firm hosted NVDA's CFO, Colette Kress, at the Nasdaq Conference. The analyst told investors that artificial intelligence (AI) is extending visibility for Nvidia and creating a software opportunity... More