TipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, including Apple & Nvidia.
once again, reiterating a buy rating on the stock with a price target of $225. Rakesh was upbeat about the company's high-end Hopper architecture, which is on track despite the ban. That's because most of the development team is in the U.S.
"We believe the Hopper ramp will not be affected by the export ban with the updated 8-K allowing for supply chain freedom through Hong Kong and China," said Rakesh, who believes this loophole to be a significant breather for the company.. AI is likely to provide a key macro risk-resistant secular growth opportunity to the company.
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