Piper Sandler projects significant upside for AI chip leaders, citing massive compute demand and a total market expansion to $2.2 trillion by 2030.
Piper Sandler initiated coverage with an Overweight rating and a $300 price target, implying 37% upside, citing AI compute dominance and 80% market share.
Piper Sandler initiated coverage with an Overweight rating and a $460 price target, implying 27% upside, highlighting 75% share in ASIC inference market and demand exceeding supply.
Piper Sandler initiated coverage with an Overweight rating and a $320 price target, implying 26% upside, citing CPU IP leadership and new physical chip initiative.
Piper Sandler initiated coverage with an Overweight rating and a $600 price target, implying 19% upside, driven by agentic AI and inference tailwinds.
Piper Sandler initiated coverage with an Overweight rating and a $270 price target, implying 19% upside, noting transformational Alphabet deal and custom chip/optical trends.
Piper Sandler analysts have initiated coverage on five key semiconductor players, assigning Overweight ratings to Nvidia, Broadcom, Arm, AMD, and Marvell. The firm projects the AI compute market will expand fivefold to $2.2 trillion by 2030, driven by persistent supply shortages and surging demand for GPU and ASIC infrastructure.
The firm cites a massive supply-demand imbalance, noting that AI chips are largely sold out through 2028 and hourly GPU pricing is rising due to compute scarcity.