Nvidia (NVDA.US) splashes out 20 billion US dollars to "acquire" its strongest competitor, Wall Street: target price raised to $300.

According to the Wise Finance APP, Wall Street analysts are generally optimistic about the latest deal between Nvidia (NVDA.US) and AI inference chip company Groq. Cantor institution believes that the deal has both "offensive" and "defensive" strategic significance, reiterates Nvidia as a "preferred stock", maintains a "buy" rating and sets a target price of $300; while Bank of America points out that Nvidia's high-priced acquisition of Groq, although unexpected, successfully transforms the potential ASIC technology threat into its own competitive barrier. From a long-term perspective, this layout is significantly valuable, so it maintains a "buy" rating and a target price of $275.