Guohua Bank is bullish on Nvidia (NVDA.US) H20 chip demand to support Q2 performance, raised target price to $220.
Zhtng cijng APP huzh, fgu ynhng xunb jing Yngwid (NVDA.US) mbio ji cng 185 miyun shngdio zh 220 miyun, bng wich du gi gngs de "zngch" pngj. Y Aaron Rakers wi shu de fnxsh tundu zhch, cc tiozhng yuny jdun ni qingjn de xqi shj yj yugun huf xing zhnggu xioshu H20 xnpin xkng zhngti de jj bogo.
According to the Kaijing Finance APP, Fuguo Bank announced that it has raised the target price of NVIDIA (NVDA.US) from $185 to $220 and maintained a "buy" rating on the company. The analyst team led by Aaron Rakers pointed out that this adjustment is due to strong demand data in the quarter and positive reports about the recovery of the license to sell H20 chips in China.
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