D.A. Davidson Upgrades Nvidia to Buy, Citing AI Demand Surge

D.A. Davidson analyst Gil Luria upgraded Nvidia from Neutral to Buy, raising his price target to $210 from $195 as he forecast “overwhelming growth in compute demand” driven by enterprise AI investments. This marks a reversal for Luria, who had cautioned in early 2024 that GPU demand might cool after Nvidia’s rapid expansion. Oracle’s recent multibillion-dollar AI cloud […]