Posted 2/13/2024, 1:38:00 PM
Mizuho Bullish on Nvidia, Broadcom, AMD for AI Growth; Raises Price Targets Significantly
- Mizuho raised price targets for Nvidia, Broadcom, AMD, and Credo Technology due to AI upside
- Nvidia target raised to $825, Broadcom to $1,450, AMD to $200, Credo to $28 per share
- Mizuho believes near-term AI demand outstrips supply for Nvidia's H100
- Broadcom's B100 set up for strong 2024 guidance based on hyperscaler capex
- Nvidia still seen as the best artificial intelligence and machine learning play