Raymond James raised its price target for NVIDIA from $330 to $352, maintaining an "Outperform" rating. The firm believes that NVIDIA's CPU business is accelerating and could account for 5% of total revenue by 2028, potentially even becoming a global leader in CPU revenue. Raymond James noted that despite NVIDIA's expected growth exceeding 20%, its FY2027 P/E ratio remains below the S&P 500. Given NVIDIA's leadership in AI, competitive advantages, and strong cash generation capabilities, this discount is unwarranted.