Nvidia Takes The Crown As AI-Chip Winner, Intel And AMD Still Have Potential: Analyst
Portfolio Pulse from Benzinga Neuro
Analyst Vijay Rakesh from Mizuho Securities has increased his projected stock price target for Nvidia (NVDA) to $530, up from $400, due to the surge in AI applications driving up demand for semiconductors. He also expressed optimism for Intel (INTC) and Advanced Micro Devices (AMD) in the longer term, raising his target price for Intel to $33, up from $30, and maintaining a 'Buy' rating for AMD with a target price of $140.
July 25, 2023 | 5:12 am
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POSITIVE IMPACT
AMD maintains a 'Buy' rating with a target price of $140, despite facing competition from Nvidia.
The analyst's maintained 'Buy' rating for AMD indicates a positive outlook for the company, despite facing competition from Nvidia.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Intel's stock price target has been increased to $33, with the company expected to benefit from increased valuations across the semiconductor sector.
The analyst's increased price target for Intel indicates a positive outlook for the company, driven by increased valuations across the semiconductor sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nvidia's stock price target has been increased to $530 due to the surge in AI applications.
The analyst's increased price target for Nvidia indicates a positive outlook for the company, driven by the growing demand for AI applications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100