Cantor Fitzgerald Raises Nvidia Price Target to $300 on AI Demand Surge
Cantor Fitzgerald boosted Nvidia's price target to $300, forecasting a 60% rally as AI infrastructure spending accelerates. Analyst C.J. Muse maintained an 'overweight' rating, citing explosive demand for AI tokens over the past 16 weeks.
'We're in the early innings of a multi-trillion AI infrastructure build-out,' Muse noted, dismissing bubble concerns. Hyperscalers alone could drive hundreds of billions in demand, with total AI infrastructure value potentially reaching $3-4 trillion by 2030.
The firm highlighted Nvidia's $100 billion partnership with OpenAI as a key catalyst. The arrangement positions OpenAI to operate like a hyperscaler while giving Nvidia strategic investment exposure to cutting-edge AI deployments requiring 10 gigawatts of power.
