NVIDIA Shares Higher

NVIDIA gained nearly 3% after Needham & Co raised its price target to $200 from $130 and kept its buy rating on the shares.

Needham reportedly believes the company’s Xavier platform, an A.I.-based supercomputer, will likely be at the center of Toyota’s (TM) self-driving efforts and could generate an additional $1.7 billion in revenue over the next two years. Separately, Jefferies raised its price target on Nvidia to $180 from $140 and maintained its buy rating.

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