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Analysts have aggressively raised their price targets for the high-speed computer chip manufacturer NVIDIA Corp. (NASDAQ: NVDA).
Vivek Arya, managing director at Bank of America (NYSE: BAC), bumped his NVIDIA stock price forecast from $800 to $900 this week.
Reasons included the adoption of Artificial Intelligence driving strong revenue growth at the NVIDA.
NVIDIA's data center sales could also triple over the next few years.