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Nvidia Gets a Price Target Hike. The Stock Is Down Anyway.

Nvidia stock was edging down early on Friday with the chip maker’s shares still stuck just below record highs ahead of its coming earnings. Nvidia shares were down 0.5% at $146.01 in premarket trading. The company continues to hover near recent record highs as large technology companies invest in a fleet of AI data centers which are expected to be powered by Nvidia’s hardware.

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