Nvidia and AMD Stock Soars on Bullish AI Chip Outlook
• Nvidia and AMD shares jumped due to analyst optimism over AI chip demand • Nvidia currently dominates advanced AI chips, but AMD expected to gain market share • Barclays raised AMD's price target to $200 from $120 • KeyBanc raised Nvidia's price target to $740 from $650 • Nvidia hit a record high stock price, while AMD shares reached a 2-year high