Deutsche Bank analyst Ross Seymore raised his price target for Hold-rated Nvidia to $160 from $150 saying the company was "bullish as ever" at about its market opportunities and growth outlook at its analyst day. Beyond reiterating its existing message regarding channel inventory burn timing, Nvidia provided no update to either its Q1 or full year outlook, Seymore tells investors in a research note. However, the analyst is encouraged that Nvidia's Gaming inventory digestion is on plan and that confidence of growth resuming in Data Center remains high.

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Barclays analyst Tom O'Malley raised the firm's price target on Broadcom (AVGO) to $1,500 from $1,405 and keeps an Overweight rating on the shares after hosting management for meetings. Broadcom is one of the unique companies that has a comprehensive view of the semis industry while also capable of providing an "intimate look" at the artificial intelligence market via custom silicon, the analyst tells investors in a research note. The firm says management highlighted the company's inroads with the consumer-facing AI world, providing a differing viewpoint versus Nvidia's (NVDA) vision of the world - pointing to a two-part market of consumer and enterprise that could grow to a 50/50 split over time. Barclays came away from the meetings "with a valuable second opinion on the future of AI and a greater appreciation for the company's many ways to win."