Nvidia Stock Brushes Off Upbeat Chip Developments

Semiconductor giant Nvidia Corp (NASDAQ:NVDA) unveiled a new generation of artificial intelligence (AI) chips at its first ever GTC Conference in San Jose, CA. Despite the new AI developments and three price-target hikes, NVDA was last seen 3.7% lower at $851.63. Wells Fargo, Goldman Sachs, and Susquehanna all lifted their price objectives on the "Magnificent Seven" member, with the lattermost moving all the way up to $1,050 from $850 -- a more than 22% upside to last night's close. In response, the tech-he ...