Nvidia Corp. shares rallied Monday after one analyst confirmed that the graphics processing unit maker is his “top pick” among companies expected to benefit from artificial intelligence, and that a recent selloff makes for a good buying opportunity.
On Monday, Morgan Stanley analyst Joseph Moore, who has an overweight rating on Nvidia NVDA and a $500 price target, said the stock remains his favored play heading into earnings, with the company due to report its results on Aug. 23 after the close of markets.
Nvidia…
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