We noted in a recent post that NVIDIA appears to have vanquished nearly all of its near-term bearish catalysts, prompting some hedge fund managers based in Boston to ask the rhetorical question: what is keeping the stock from breaking out? Now, Loop Capital analyst Ananda Baruah has joined this bullish chorus by pegging a street-high price target of $250 on NVIDIA shares, which implies a market capitalization of $6 trillion! Baruah then cites the math that "just works" to justify his unbridled enthusiasm vis-à-vis NVIDIA. According to Loop Capital's supply chain analyst John Donovan, the spending on GPUs could climb […]
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