Jefferies analyst Blayne Curtis raised the price target on NVIDIA (NASDAQ: NVDA) to $150.00 (from $135.00) while maintaining a Buy rating.

The analyst said: "Performance in the past month has been mixed in the AI basket, with AVGO joining NVDA’s outperformance but more investors short AMD/MRVL and looking to Edge AI/Mobile for additional AI exposure. We still think it’s too early to call any losers for 2025, but we do see growing concern for AMD’s pipeline. NVDA remains both king and kingmaker – for example, we still see growth for MRVL and ALAB alongside NVDA, but NVDA’s decisions on each generation could materially alter that. On June 26 we will have the opportunity to talk to mgmt at four of the five AI names in the basket and will look to gain further insights on strategy and products/content in the AI ecosystem."