Wall Street is turning more bullish on Nvidia. Multiple firms have raised price targets, signaling that the AI boom is far from over.
Melius Research raised its target to $275, citing Nvidia's central role in AI infrastructure. Goldman Sachs lifted its target to $210, pointing to Nvidia's partnerships, including with OpenAI. Cantor Fitzgerald reiterated an Overweight rating with a $240 price target.
Analyst consensus: demand for AI compute continues to accelerate, and Nvidia remains the main beneficiary. The company's GPUs power the data centers behind every major AI project, and a year of heavy spending by tech giants has not slowed down.
Nvidia's CUDA software ecosystem creates a barrier that rivals like AMD and Google have yet to overcome. At the same time, sovereign AI initiatives are creating new demand pools.
But risks remain. Nvidia's stock price already reflects massive growth expectations, and any slowdown in spending could trigger sharp selloffs. Export restrictions to China also add uncertainty.
For the crypto-AI sector, Nvidia's dominance supports decentralized compute projects and GPU rental markets. If Nvidia's demand thesis is validated, it flows downstream to those projects as well.