Analysts at Raymond James and Melius Research see up to 136% upside for Nvidia and Micron, driven by persistent AI GPU shortages and long-term memory supply contracts.
Analyst Simon Leopold at Raymond James set a $515 price target, implying 136% upside, driven by AI GPU demand and supply expansion.
Melius Research analyst Ben Reitzes set a $2,200 price target, implying 126% upside, citing $100B in strategic customer agreements and HBM demand.
Wall Street analysts project significant growth for Nvidia and Micron Technology, citing massive demand for AI-accelerated hardware. Raymond James and Melius Research highlight supply expansion and strategic customer agreements as key drivers for potential triple-digit gains in both semiconductor giants.
Analysts are bullish because both companies provide essential hardware for AI data centers, where demand for GPUs and high-bandwidth memory currently outstrips supply, granting them significant pricing power.