Truist raised the firm’s price target on Nvidia to $204 from $169 and keeps a Buy rating on the shares. The firm reiterated a cautious semiconductor and artificial intelligence sector view, but is more constructive on Nvidia (NVDA) and Monolithic Power (MPWR) while more cautious on Tesla (TSLA). The analyst expects 2025 will be another constructive year for Nvidia, saying all relevant industry contacts support the dominance and superiority of the company’s full technology stack. Nvidia NVDA will announce a client-side CPU during 2025, opening up an additional $35B total addressable market, the analyst tells investors in a research note.
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