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Technology Stocks : Investing in Exponential Growth

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From: Frank Sully12/18/2020 1:00:07 PM
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Nvidia price target raised to $625 from $605 at Wells Fargo
Wells Fargo analyst Aaron Rakers raised the firm's price target on Nvidia to $625 from $605 and keeps an Overweight rating on the shares. Rakers views Nvidia as remaining the strongest secular growth and platform story in semis driven by accelerating GPU server attach rates, the company's positioning for DPUs and an anticipated NVIDIA + Arm server CPU strategy. The analyst expects Nvidia to see continued positive GeForce RTX 3xxx-series product cycle through 1H21.
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