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Nvidia is Up 226% YTD, But AI Rally is Far From Over as Analysts Set $700 Target
TD Cowen analysts hiked their price target on Nvidia stock from $600 to $700 despite its 226% year-to-date rally.
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Shares of Nvidia fell over 6.6% at the opening bell after the US unveiled new restrictions for AI chip exports to China.
TD Cowen analysts hiked their price target on Nvidia stock from $600 to $700 despite its 226% year-to-date rally.
Short sellers lost over $11 billion in 2023 on their bearish positions against Nvidia.
Nvidia's shares jumped more than 25% last week after the company's better-than-expected Q1 2023 earnings and guidance.
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