
Wells Fargo analyst Aaron Rakers maintained NVIDIA Corp (NASDAQ:NVDA) with an Overweight and lowered the price target from $370 to $250 (58% upside).
The Overweight rating factored in Rakers' positive stance on NVIDIA's competitive positioning in gaming GPUs and expanding growth opportunities in the data center (GPUs and the potential leverage of acquiring Arm), HPC, and emerging/expanding AI opportunities (autonomous vehicles, healthcare, robotics).