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JPMorgan keeps Nvidia Overweight, PT $320

JPMorgan reiterated its Overweight rating on Nvidia with a $320 price target after meeting with the company’s investor relations team. Analyst Harlan Sur noted that supply, not demand, is the key constraint, with management suggesting business could double if supply limits were lifted. Nvidia guided to ~70% YoY growth in fiscal 2028, but Sur sees potentially stronger growth given customer demand.

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