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Wolfe Research senior analyst Chris Caso says NVIDIA delivered another strong "beat and raise" quarter.
NVIDIA now generates about half its business from hyperscalers, expanding into customers like Anthropic.
KEY POINTS
- Bernstein's Stacy Rasgon raised NVIDIA's price target to $315, citing $20 billion expected CPU revenue.
- NVIDIA's expanded buyback and higher dividend indicate it could produce nearly $100 billion free cash flow this year.
- Analysts say NVIDIA's continued AI inference leadership delivers lower operational costs than competitors currently.
COMPANIES
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