Key Points
- Cantor Fitzgerald just raised its price target on Nvidia by $60 to $300 a share, with an overweight rating.
- AMD announced a long-term deal to become a key supplier to OpenAI’s AI infrastructure program.
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Cantor Fitzgerald Just Raised its Price Target on NVDA by $60
Cantor Fitzgerald just raised its price target on Nvidia (NASDAQ: NVDA) by $60 to $300 a share, with an overweight rating. The firm believes that artificial intelligence is still in the early innings and could be a substantial driver of Nvidia’s growth moving forward.
Loading stock data...“Cantor Fitzgerald emphasized that the AI market is “not a bubble,” describing it as the “early innings of a multi-trillion AI Infrastructure build-out” with hyperscalers alone providing visibility into hundreds of billions in demand over the next few years,” as noted by Investing.com.
Since bottoming out at around $165 in September, NVDA is now up to $193.64. From here, we’d like to see an initial test of $200 a share.
Piper Sandler just raised its price target to $240 on Advanced Micro Devices
AMD (NASDAQ: AMD) announced a long-term deal to become a key supplier to OpenAI’s AI infrastructure program. AMD added that the new partnership will allow it to generate billions of dollars in annual revenue. It will also allow it to generate over $100 billion in total revenue from chips over the next few years.
Advanced Micro Devices Inc
NASDAQ:AMD$238.60▲ $116.30(48.74%)3M1D5D1M3M6M1Y5YMAXKEY DATA POINTS−
Previous Close$218.09Market Cap348.75BDay's Range$220.76 - $239.2452wk Range$76.48 - $240.10Volume108.48MP/E Ratio127.92Gross Margin9.57%Dividend YieldN/AExchangeNASDAQAnalysts at Piper Sandler just raised their price target on AMD to $240 with an overweight rating. “In exchange, OpenAI will receive 160M warrants for AMD stock as specific milestones are achieved over the next five years,” added Piper Sandler. As a result, shares of AMD exploded from about $170 to $239.32 over the last few days
Wolfe Research initiated an outperform rating on Walmart
Analysts at Wolfe Research just initiated an outperform rating on Walmart (NYSE: WMT) with a price target of $129. The firm cited accelerating share gains, adding that management is out-executing its peers. Since bottoming out at around $96 in August, WMT is now up to $102 a share. From here, we’d like to see WMT initially retest $106 a share.
Loading stock data...BMO just reiterated an outperform rating on Amazon
For BMO analysts, Amazon (NASDAQ: AMZN) is still a top pick. As noted by the firm, “3Q25E checks continue to support 2H25E AWS growth acceleration, although ramping competition and capacity constraints likely limit incremental upside,” as quoted by CNBC.
Loading stock data...Since finding strong support at around $219, AMZN is just starting to pivot higher. Last trading at $223.30, we’d like to see AMZN retest $240 a share.
Plus, according to analysts at Wedbush. AMZN saw robust demand from the enterprise for their artificial intelligence and cloud computing services.
“We believe tech stocks will have a very strong 3Q earnings season led by Big Tech as the cloud stalwarts Microsoft, Alphabet, and Amazon had very robust AI enterprise demand in the quarter based on our field checks,” said the firm, as quoted by Seeking Alpha.
“While some investors continue to question the valuations and pace of this tech spending trend, we believe to the contrary the [Wall] Street is still underestimating how big this AI spending trajectory is, and we expect 3Q tech earnings to be another validation moment with a doubling down on aggressive initial cap-ex numbers into 2026.”
Goldman Sachs just reiterated a buy rating on Broadcom
Goldman Sachs just reiterated a buy rating on Broadcom (NASDAQ: AVGO), noting that the tech giant is well-positioned heading into earnings season.
Broadcom Inc
NASDAQ:AVGO$351.33▲ $80.33(22.86%)3M1D5D1M3M6M1Y5YMAXKEY DATA POINTS−
Previous Close$344.13Market Cap1.53TDay's Range$347.50 - $359.4052wk Range$137.54 - $373.59Volume23.92MP/E Ratio83.24Gross Margin31.60%Dividend Yield0.68%ExchangeNASDAQAnalysts at Bernstein also reiterated an outperform rating on the stock with a $400 price target. The firm cited strong compute demand and confidence in company growth. “Broadcom executives expressed high confidence in achieving growth targets, stating that the $90 billion 2030 target is “easily achievable” from just four current customers, with potential to reach $120 billion from these relationships alone,” added Investing.com.
Analysts at Mizuho reiterated AVGO as a top pick, noting that the tech stock is an industry leader with strong profitability. The firm also has a $400 price target.
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