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chip colossus NvidiaTheStreet
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86% Informative
AI-chip colossus Nvidia ( NVDA ) is scheduled to report fiscal-third-quarter earnings on Nov. 20 .
The $3.6 trillion company commands a nearly 80% share of the market for high-end AI-powering chips and processors.
Its top customers include Google parent Alphabet (GOOGL) and software giant Microsoft ( MSFT ) and electric vehicle maker Tesla (TSLA).
Truist is raising its estimates based on higher growth expectations in the data-center end market.
The investment firm expects "another beat-and-raise scenario," Truist said.
Stifel raised its price target on Nvidia to $ 180 from $ 165 while maintaining a buy rating on the shares.
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