Wedbush analyst Matt Bryson reiterated an Outperform rating and $243 price target on Nvidia following the company's earnings report. In a research note to investors, Bryson says he views Nvidia's strong data center revenues as well as management's robust guidance on this front as supporting his optimism around this segment, adding that accelerated forward growth rates for its data center GPUs remain a primary pillar of his bull thesis.

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."