Shares of Nvidia (NVDA) surged on Monday after the company unveiled its latest AI chips, generating excitement among investors and analysts. Bank of America responded to the announcement by raising its price target for Nvidia to $1,500, up from the previous target of $1,320, reflecting increased confidence in the chipmaker's growth prospects.
Yahoo Finance's Seana Smith and Madison Mills discuss the details, highlighting the growing competition as AMD (AMD) also introduced its own AI chip. This development underscores the intensifying battle in the AI chip market, with Nvidia and AMD vying for dominance.
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