2020-03-24: Nvidia Analyst Says Pandemic Creates More Data Center Demand. 75 Stocks Moving In Tuesday's Mid-Day Session. UPDATE: Needham On NVIDIA Notes 'we believe the transition to AI, whether from hyperscalers, enterprise or verticals, will accelerate during this COVID-19 outbreak as the shift to private and public cloud will grow'. UPDATE: Needham Upgrades NVIDIA To Buy, Announces $270 Target Notes 'During this uncertain time, superior balance sheets remain supreme'; Firm Believes 'GPUs for medical applications will ramp in light of the COVID-19 pandemic'. RUMOR: Hearing Dealreporter Speculation China Has Reached A Deal For NVIDIA/Mellanox Deal. Rise In Semiconductor, Cloud Computing Stocks Could Set Tone For Broader Economy. Shares of several technology companies are trading higher amid market strength on hopes of a US economic stimulus package agreement.. NVIDIA shares are trading higher as equities gain amid hopes of a US stimulus agreement. Needham also upgraded the company's stock from Hold to Buy.. 26 Stocks Moving in Tuesday's Pre-Market Session. Needham Upgrades NVIDIA to Buy, Announces $270 Price Target