UBS analyst Timothy Arcuri raised his price target on NVIDIA stock to $150 from $130, citing strong demand for the company’s chips through 2024. Arcuri believes NVIDIA’s data center business will continue to grow rapidly, driven by AI and machine learning workloads. He expects NVIDIA’s gaming business to remain strong, supported by the launch of new gaming GPUs and the growth of cloud gaming. Additionally, Arcuri sees opportunities for NVIDIA in the automotive and industrial markets. He notes that while NVIDIA faces competition from AMD and Intel, the company’s technological lead and strong ecosystem position it well for continued growth. Overall, Arcuri remains bullish on NVIDIA, citing its leadership in AI and high-performance computing.