Posted 4/8/2024, 12:52:06 PM
Chipmakers Nvidia, Micron, and Qualcomm Price Targets Raised on Bullish China and AI Growth Outlook
- Nvidia, Micron, Qualcomm price targets raised at KeyBanc based on positive checks on China demand, AI growth
- Analysts optimistic on Nvidia's AI chip revenue opportunities, raise target to $1,200
- Micron well-positioned in high bandwidth memory (HBM); price target to $150
- Qualcomm benefiting from high-end smartphone strength, AI potential; price target to $205
- Mixed views on AMD based on strong AI demand but Microsoft potentially reallocating some demand