Generative AI/ChatGPT poised to boost demand for accelerators
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March 30, 2023 1:17 PM EDT
Tigress Financial Partners analyst Ivan Feinseth raised the price target on NVIDIA (NASDAQ: NVDA) to $320.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on NVDA and increase our 12-month target price to $320 as its industry-leading position in AI (Artificial Intelligence), multiple new products, and partnership announcements highlight the companys strengths and position it for a new AI-driven business upcycle and growth acceleration. NVDA remains at the forefront of Generative AI technology development in multiple applications and announced partnerships with multiple major technology and healthcare companies. Speaking at... More
March 30, 2023 10:03 AM EDT
Wells Fargo analyst Aaron Rakers raised the price target on Advanced Micro Devices (NASDAQ: AMD) stock to $120 per share (from $85) to reflect the companys broadening datacenter TAM (total addressable market).
While AMDs EPYC server CPU momentum is to remain the primary... More
March 29, 2023 2:04 PM EDT
Susquehanna analyst Christopher Rolland reiterated a Neutral rating and $26.00 price target on Intel (NASDAQ: INTC), saying the DC roadmap plug-ins are a "huge positive." Rolland said the two biggest updates: 1) Granite Rapids in 3Q24; and 2) Clearwater Forest in 2025 on 18A.
The analyst... More
March 29, 2023 12:11 PM EDT
Piper Sandler's Harsh Kumar raised the firm's price target on NVIDIA (NASDAQ: NVDA) to $300 from $275 per share, maintaining an Overweight rating on the stock in a note Wednesday, telling investors the company has created a "tremendous TAM opportunity."
The analyst explained that they... More
