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Two Wall Street analysts raised their price targets on Nvidia but the stock declined as momentum for the once red-hot shares of the graphics-chip maker continued to cool this week.
Bank of America raised its price target on Nvidia (ticker: NVDA) to $275 from $260. Analyst Vivek Arya maintained his Buy rating on the stock, saying in a note, which included a larger call on the sector, that certain chip makers are benefiting from pricing power and “disciplined supply.”