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Nvidia Shares Downgraded by PhillipCapital Amid Blackwell Ramp Expectations

By Yahoo! Finance   |   Nov 22, 2024 at 12:46 PM EST
Nvidia Shares Downgraded by PhillipCapital Amid Blackwell Ramp Expectations

PhillipCapital upgraded Nvidia to "Accumulate" from "Buy" due to price fluctuations and upcoming Blackwell processor production. The target price rose to $160. Analysts noted growing demand for AI cloud services and H200 Hopper sales.

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