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Fly News Breaks for May 19, 2017
May 19, 2017 | 09:12 EDT
As noted earlier, Bernstein started coverage of Nvidia with a $165 price target and an Outperform rating. The analyst thinks that the stock can rise further, driven by a large datacenter total available market, significant automotive growth, and sustainable gaming growth.
News For NVDA From the Last 2 Days
May 26, 2017 | 15:34 EDT
SoftBank (SFTBF) is weighing increasing its stake in Nvidia (NVDA), Bloomberg reports, citing people familiar with the matter. SoftBank took a $4B, or 4.9%, stake in Nvidia earlier this week, the report notes. Reference Link
May 26, 2017 | 14:18 EDT
Bloomberg reported earlier this week that SoftBank Group (SFTBF) has taken a $4B, or 4.9%, stake in Nvidia (NVDA).
May 25, 2017 | 08:42 EDT
Nvidia (NVDA) and Intel (INTC) are expected to reveal their plans on hardware product lines for artificial intelligence applications at Computex 2017, DigiTimes says, citing sources from the upstream supply chain. In addition, Intel is expected to provide details on development of its 5G network and its partnership with Foxconn (HNHPF), while Nvidia CEO Jen-Hsun Huang is expected to talk about topics including deep learning, AI, VR, medical care and autonomous driving. Reference Link
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