Business

Nvidia stock is Cowen’s best chip idea for 2023


Nvidia’s lead in semiconductors for artificial intelligence applications should boost the chipmaker’s revenue and generate a return for the stock,

Cowen

trust.

On Monday, analyst Matthew Ramsay reiterated his Outperform assessment of

Nvidia

securities (code:

NVDA

) and raised his price prediction to $220 from $200.

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