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Nvidia Thrives On AI Demand As AMD Struggles With Embedded Market, Says Analyst

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In a dynamic shift for semiconductor giants, Nvidia Corp (NASDAQ:NVDA) sees its outlook soar while Advanced Micro Devices Inc (NASDAQ:AMD) faces challenges, reflecting analyst adjustments influenced by recent findings from Asia’s semiconductor market.

In his latest report, analyst John Vinh from KeyBanc Capital Markets has made significant adjustments to price targets and estimates for Nvidia and AMD’s stock based on recent insights from Asia’s semiconductor landscape.

Nvidia Gets a Boost

Vinh has raised Nvidia stock’s price target from $130 to $180, citing robust demand in AI and data centers.

Despite upcoming product launches, such as Blackwell in the second half of 2024, demand for NVDA’s H100 remains strong, with no signs of a slowdown. …

Full story available on Benzinga.com

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