"Cantor Fitzgerald just raised its price target on Nvidia ( NASDAQ: NVDA) by $60 to $300 a share, with an overweight rating. The firm believes that artificial intelligence is still in the early innings and could be a substantial driver of Nvidia's growth moving forward. "Cantor Fitzgerald emphasized that the AI market is "not a bubble," describing it as the "early innings of a multi-trillion AI Infrastructure build-out" with hyperscalers alone providing visibility into hundreds of billions in demand over the next few years,""
"Piper Sandler just raised its price target to $240 on Advanced Micro Devices AMD ( NASDAQ: AMD) announced a long-term deal to become a key supplier to OpenAI's AI infrastructure program. AMD added that the new partnership will allow it to generate billions of dollars in annual revenue. It will also allow it to generate over $100 billion in total revenue from chips over the next few years."
Analysts across multiple firms raised ratings and price targets for major market leaders on expectations of sustained AI-driven demand, retail resilience, and continued tech innovation. Cantor Fitzgerald increased Nvidia's price target by $60 to $300 and assigned an overweight rating, calling AI an early-inning, multi-trillion infrastructure build-out with hyperscaler demand visible in the hundreds of billions. Piper Sandler raised AMD's target to $240 after AMD secured a long-term role as a key supplier to OpenAI's AI infrastructure, projecting billions in annual revenue and over $100 billion in chip revenue over coming years. Additional upgrades targeted Walmart, Amazon, and Broadcom.
Read at 24/7 Wall St.
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