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AndronETalksNews

The AI arms race gives Nvidia 13% upside as the chipmaker looks poised to lead the nascent sector, Bank of America says

Concept of machine learning or artificial intelligence technology, graphic of robot android with symbol AI and futuristic element. 3D Illustration

MSN

Story by prosen@insider.com (Phil Rosen)

February 14, 2023

Bank of America strategists see long-term growth potential for Nvidia as it looks poised to emerge as a leader in the budding artificial-intelligence arms race. 

The firm raised its price objective for Nvidia stock to $255 from $215 on Monday, implying potential upside of 13% from current levels.

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