NVIDIA’s Price Target Raised at Mizuho Securities
<p>Mizuho Securities increased its price target on <a href='https://financialmodelingprep.com/financial-summary/NVDA'>NVIDIA (NASDAQ:NVDA)</a> to $530 from $400 while reiterating its Buy rating on the stock.</p>
<p>After a thorough examination of the overall server industry and the future of artificial intelligence (AI), Mizuho analysts anticipate that the demand for GenAI (generative AI) will continue to be a driving force.</p>
<p>According to their assessment, there is a substantial opportunity for the GPU supplier NVIDIA. The total addressable market (TAM) is predicted to expand tenfold in the next five years, surpassing $400 billion.</p>
<p>The analysts expect AI server adoption to reach around 11% by 2027. They believe that NVIDIA, with a more conservative market share of approximately 75% (compared to its current share of over 90%), could potentially generate around $300 billion in revenue from AI-related products.</p>

NASDAQ:NVDA