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Shares of Nvidia Corp. NVDA, +2.03% are up 2.7% in morning trading Thursday after Oppenheimer’s Rick Schafer boosted his price target on the stock to $350 from $235 ahead of the company’s Wednesday earnings report. Though the supply crunch creates pressure for the chip industry, Schafer argued that Nvidia is a “top semi supplier,” making it “better positioned to secure capacity.
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