Shares of Nvidia (NASDAQ: NVDA) have jumped 4% today to hit a fresh all-time high above $350 after BMO Capital Markets upgraded the stock to “outperform” from “market perform”. Fundamental analysis: Nvidia “uniquely positioned” BMO Capital Markets upgraded Nvidia stock to “outperform” from “market perform” after describing the company as being “uniquely positioned” to continue to be the “prime beneficiary” of the data-center workloads. “We have stayed on the sidelines long enough on the NVDA shares. We are raising our rating to Outperform from Market Perform and raising our target price to $425 from $285. While there is no one
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