Shares of Nvidia (NASDAQ: NVDA) were rising 4.6% at 10:34 a.m. ET Tuesday morning after a Bank of America analyst raised his price target on the chipmaker.
Vivek Arya told investors in a research note he finds Nvidia to be "uniquely" positioned to capitalize on what he calls an "artificial intelligence arms race." He raised his target price on the chipmaker to $255 per share, 17% above yesterday's closing price.
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Source Fool.com