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Top Analyst Lifts Price Target on Nvidia Stock (NVDA), Calls it the “AI Engine of the Decade”
Top Analyst Lifts Price Target on Nvidia Stock (NVDA), Calls it the “AI Engine of the Decade”
23
2
BTCCSquare news:
Cantor Fitzgerald analyst C.J. Muse raised Nvidia's price target to $300 from $240, citing the chipmaker's dominant position in the AI accelerator market. The new target implies over 55% upside from current levels.
Nvidia remains Muse's "top pick" following meetings with CEO Jensen Huang and CFO Colette Kress. The company is seen as central to a multi-trillion-dollar AI infrastructure buildout, with potential control of 75% of the market.
A new partnership with OpenAI strengthens Nvidia's position, enabling direct hyperscale data center deployments. This MOVE bypasses traditional server makers and cloud vendors, further solidifying Nvidia's technological edge.
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