NVIDIA Corporation (NVDA) Reorganizes Cloud Division

Group 1 - NVIDIA Corporation has reorganized its cloud division, stepping back from direct competition with major cloud providers like Amazon Web Services [2] - The restructuring involved reassignment of the cloud unit's head and several executives, with a focus now on internal infrastructure and engineering needs [2] - Truist has raised its price target for NVIDIA from $255 to $275 while maintaining a Buy rating, reflecting positive forecasts for the semiconductor and AI sectors [3] Group 2 - Truist highlighted the ongoing upside in AI capital expenditures expected to last until 2026, indicating that AI infrastructure semiconductor stocks are undervalued compared to their growth potential [4] - Despite recognizing NVIDIA's investment potential, some analysts suggest that other AI stocks may offer greater upside with less downside risk [5]