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Yes, Nvidia Stock is Expensive — But Oppenheimer Says It’s Worth the Price


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Why Nvidia Stock Bounced Back Thursday

After sliding along with the rest of the stock market Wednesday, shares of seesawing semiconductor stock Nvidia (NASDAQ: NVDA) are bouncing back on Thursday morning, and up 3.8% as of 11:40 a.m. ET. Curiously, it seems you can thank two investment banks — both of which lowered their price targets on Nvidia today — for the rebound. In twin reports this morning, first Oppenheimer cut its price target on Nvidia to $300, and then banker Wedbush cut its target to $190, as reports today.

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