Nvidia price target raised to $600 from $500 at Barclays

Barclays analyst Blayne Curtis raised the firm’s price target on Nvidia to $600 from $500 and keeps an Overweight rating on the shares. The analyst sees another mixed earnings season for semiconductors, with a few areas such as autos “holding in but most end markets on the margin weaker.” The firm says artificial intelligence is the “one bright spot” and it sees another “significant beat/raise” quarter for Nvidia.