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JPM Hikes Nvidia (NVDA.US) TP to US$170; AI Demand Continues to be Robust
22 Nov 2024 11:30
JP Morgan raised its target price on Nvidia (NVDA.US) from US$155 to US$170 and maintained Overweight. The report said the company's results for the quarter ended October were above street consensus.

On the foundation of high revenue in the previous quarter, the company forecast revenue for the current quarter to grow 7% QoQ, in line with street consensus. This was backed by strong customer spending on AI/ accelerated compute initiatives, and production ramp-up of the Blackwell platform given continued strong demand pull for for its Hopper H100/ H200.
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Stock & Type Code Strike(Call Level) Last Effective Gearing
Nvidia (C) 10298 184 (-) 0.070 7.5 X
Nvidia (P) 10300 110 (-) 0.080 4.4 X

 

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