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Nvidia price target lowered to $180 from $185 at UBS

UBS lowered the firm’s price target on Nvidia (NVDA) to $180 from $185 and keeps a Buy rating on the shares. The firm cut estimates to reflect the newly issued licensing requirements for the company’s H20 graphics processing units. Only about half of the $5.5B in reserves is associated with inventory, with the remainder related to purchase commitments, the analyst tells investors in a research note.

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