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Tesla Motors (TSLA) partner Nvidia (NVDA) is slated Thursday to report a fifth consecutive quarter of accelerating sales following PC-positive commentary from Intel (INTC) and Advanced Micro Devices (AMD) in June, Jefferies analyst Mark Lipacis said Monday. Lipacis boosted his price target on Nvidia stock to 69 from 56 and reiterated his buy rating. Nvidia was up a fraction, above 58, in afternoon trading on the stock market today. Shares are up 77% for the year as of Friday’s close. IBD’S TAKE: Nvidia has an IBD Composite Rating of 99 and is fifth in the Electronics-Semiconductor Fabless industry group, which is up 17% for the year. The group is ranked No. 10 out of 197 groups tracked, climbing from No. 97 over 13 weeks. For more information on Nvidia stock, check out the…


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