Nvidia Gets a Price Target Hike. The Stock Is Down Anyway.

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Nvidia stock was edging down early on Friday with the chip maker’s shares still stuck just below record highs ahead of its coming earnings. Nvidia shares were down 0.5% at $146.01 in premarket trading. The company continues to hover near recent record highs as large technology companies invest in a fleet of AI data centers which are expected to be powered by Nvidia’s hardware.

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