Truist Raises NVIDIA (NVDA) PT After Nemotron 3 AI Model Launch

Group 1 - NVIDIA Corporation (NASDAQ:NVDA) is highlighted as a must-buy AI stock, with Truist raising its price target from $255 to $275 while maintaining a Buy rating [1] - Truist's analysis indicates that AI infrastructure semiconductor stocks are currently undervalued relative to their growth potential, despite challenges in AI infrastructure and funding [3] - The firm anticipates increased upward pressure on estimates for AI semiconductor stocks compared to diversified analog semiconductors as they approach 2026 [3] Group 2 - NVIDIA recently launched the Nemotron 3 family of open models, which includes three variants: Nano (30 billion parameters), Super (100 billion parameters), and Ultra (500 billion parameters) [4] - The Nemotron 3 models utilize a hybrid mixture-of-experts architecture, combining Mamba and Transformer technologies, resulting in a 4x increase in throughput for the Nano model compared to its predecessor [5] - NVIDIA specializes in designing GPUs and data center solutions that are essential for training and running large-scale AI models, supported by its CUDA software platform [6]