Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Mizuho lifts Nvidia price target as it 'continues to dominate AI hardware landscape'

Published 04/06/2024, 13:28
© Reuters
NVDA
-

Mizuho analysts raised their 12-month price target on Nvidia (NASDAQ:NVDA) stock from $1,180 to $1,275 as the chipmaker “continues to dominate the AI hardware landscape.”

“We believe NVDA continues to see strong opportunities with its Hopper platform and Blackwell B100/200in 3Q24-1Q25, and now 3nm/Rubin announced at Computex for 2026,” analysts said in a note.

“We believe NVDA could also see strong traction with its B200 NVL36/72 full rack solutions with partner Wistron and $1.5-3M+ price tag set to ramp in 1H25E, which could provide significant upside to earnings,” they added.

Moreover, the upcoming 10-1 share split on June 7 is expected to create a more attractive entry point for retail investors, Mizuho noted potentially driving additional share tailwinds.

Analysts also emphasized AMD’s (AMD (NASDAQ:AMD)) strong roadmap, particularly with the upcoming MI325/350/400 chip series.

The MI400 series is set to include HBM4 and MI350, significantly improving inference performance by 35 times compared to the MI300.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.