Analysts Bullish on AI Stocks Despite Recent Pullback, See Major Growth Ahead for Nvidia, Apple and Micron
• UBS hikes Nvidia's price target to $1,100 based on AI growth opportunities like Blackwell and NIM software to accelerate distribution
• Rosenblatt raises Micron's price target to a Street-high $225 due to potential supply shortages from HBM3e driving a multi-year DRAM upcycle
• Morgan Stanley says market underappreciates Apple's edge AI efforts which could drive iPhone upgrades and services revenue
• Redburn downgrades MongoDB and Snowflake to Sell citing lack of clear generative AI advantage and budget reallocation risks
• UBS strategists see recent correction in AI stocks as buying opportunity given strong long-term growth forecasts for AI industry