According to B. Riley, Silicon Motion (SIMO) received a price target upgrade to $90 from $75, while maintaining a 'Buy' rating due to significant wins in Nvidia's Bluefield data processing unit and the upcoming Nintendo Switch 2 product cycle. These developments are expected to drive increased demand for SIMO’s memory and storage solutions, which could positively impact trading sentiment. As noted by B. Riley, the Nvidia Bluefield partnership positions Silicon Motion for further growth in the AI and data center sectors, which are critical for blockchain and crypto infrastructure. Traders should watch for increased volatility and upward momentum in SIMO, especially as its technology becomes more integral to large-scale crypto and gaming platforms (Source: B. Riley, via @CNBC).