Analysts at Mizuho raised their 12-month price target for Nvidia (NASDAQ:) shares from $1,180 to $1,275 as the chipmaker “continues to dominate the artificial intelligence hardware market.”
“We believe NVDA continues to see big opportunities with its Hopper platform and Blackwell B100/200 in 3Q24-1Q25, and now 3nm/Rubin announced at Computex in 2026,” the analysts said in a note.
“We believe NVDA can also see strong growth with its B200 NVL36/72 full-rack solutions with partner Wistron and a $1.5-$3M+ price point rising in 1H25F, which could provide significant earnings growth potential,” they added.
Moreover, the upcoming 10-for-1 stock split on June 7 is expected to create a more attractive entry point for retail investors, Mizuho noted, potentially leading to additional tailwinds for the stock.
Analysts also highlighted AMD’s (AMD (NASDAQ:)) strong plans, especially for the upcoming MI325/350/400 series of chips.
The MI400 series will include HBM4 and MI350, which will significantly improve inference performance by 35 times compared to MI300.