Nvidia Stock Forecast Sees 45% Upside as Analyst Dismisses Deceleration Concerns
Melius Research analyst Ben Reitzes has raised his price target on Nvidia (NVDA) to $275, implying a 47% upside from current levels. Reitzes contends that fears of a slowdown in the chipmaker's growth are exaggerated, citing Nvidia's central role in the AI boom. Demand for its GPUs continues to outpace supply, driven by the proliferation of autonomous devices and record AI infrastructure spending by Big Tech firms.
OpenAI's planned $1 trillion investment in computing infrastructure has ignited a global race among hyperscalers, further fueling demand for Nvidia's products. Reitzes identifies three flaws in the bear case: sustained chip demand, competitive pressure driving spending, and the catalytic effect of hyperscaler investments on AI adoption.
