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2021-05-27

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Bank of America hikes price target for Nvidia to $750 after earnings beat

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That is well above the average analyst price target, according to FactSet, and 19% above where the stock closed on Wednesday.Some parts of Nvidia’s business appear to be slowing in growth, but Bank of America said investors should not overreact to these changes.“NVDA data center to decl. to +30% YoY in Q1, vs. 80% in 2020. 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