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For Every $1 Spent On Nvidia Infrastructure, Cloud Service Providers Can Earn $5 In GPU Hosting: Analyst

Benzinga ·  Jun 27 02:04

Cantor Fitzgeraldanalyst C J Muse maintainedNvidia Corp(NASDAQ:NVDA) with an Overweight and raised the price target from $140 to $175.

As Nvidia has grown to be one of the largest market cap companies globally (~$3 trillion), the analyst wants to know how much upside the stock has.

Muse acknowledges that he has yet to witness a more torturous pace of technology innovation and subsequent reduction in the cost of computing, as he noted today. This is all driven by Nvidia and its entire system approach.

Also Read:What's Going On With Nvidia Stock On Tuesday?

These dynamics are causing...

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