Nvidia stocks jump 8.5%, boosting outlook for quarter year results

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Investment firms have boosted their targets ahead of firm’s second-quarter results on Wednesday

Nvidia shares soared on Monday as more analysts raised their price targets on the stock, a sign of growing optimism about the chipmaker’s highly anticipated results later this week.

The average price target for the stock has been moving steadily higher recently, and is above $520 , up from $505 just a week ago. The current target implies an upside of about 11 per cent from current levels.

 

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