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Nvidia Corp.’s developer conference in the coming week will showcase the “arms race” of generative artificial intelligence. Nvidia Chief Executive Jensen Huang has been championing AI and machine learning for years, and the focus on AI/ML will be much more acute this year. Citi Research analyst Atif Malik has reiterated his buy of Nvidia and raised his price target on the stock to $305 from $245 ahead of GTC due to the “generative AI arms race” underway as companies like Alphabet and Meta Platforms Inc. vie for their own AI solutions.