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Piper Sandler has launched coverage on Nvidia with an overweight rating and a $300 price target, framing the semiconductor giant as the primary beneficiary of the ongoing shift toward artificial intelligence infrastructure.
Nvidia is taking its $20 billion Groq asset deal into commercial production, bringing specialized low-latency inference racks to market alongside its Vera CPUs and Rubin GPUs.
Nvidia has agreed to buy open-source AI hub Hugging Face for $12.93 billion, capturing an ecosystem of 18 million developers and over 3 million machine learning models.
The chip company is rebuilding and scaling its cloud business after a major licensing and talent agreement with Nvidia.
