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Benzinga
Benzinga
Business
Shanthi Rexaline

Why This Nvidia, Qualcomm Analyst Is Lowering Price Targets For These Chip Stocks

Nvidia Corporation (NASDAQ:NVDA) shares command a premium valuation, and sell-side's theses have all along justified its valuation due to the chipmaker's strong growth profile and optionality.

An analyst at KeyBanc Capital Markets, however, deemed it fit to downwardly revise the price target and here's why:

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