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Nvidia: Wedbush raises price target

( - Wedbush has reaffirmed its 'outperform' rating on Nvidia, with its price target raised from $1,000 to $1,200, 'seeing no reason to temper its enthusiasm' for the stock, in the wake of the chipmaker's quarterly publication.

'This publication is a pure masterpiece that deserves to be exhibited in the Louvre', reacts the broker, who believes that this performance shows that 'the artificial intelligence revolution has only just begun'.

With demand for H100 still outstripping supply, H200 gaining momentum and Blackwell coming to market faster than previously expected, there doesn't seem to be any room for a gap in demand or deliveries', it adds.

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