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Nvidia stock rebounds after broad market rout as analysts stay bullish on outlook

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Nvidia stock jumped as much as 2.7% early Thursday , as Wall Street analysts reiterated their Buy ratings on the chipmaker.

Truist Securities' William Stein raised his price target on the stock to $ 204 from $ 169 .

The stock later reversed direction, ending the day down roughly 1% , as stocks fell across the board.