(CercleFinance.com) – Nvidia shares reached new all-time highs on Thursday on the New York Stock Exchange, as analysts continued to revise upwards their targets on the chip manufacturer.
In a note released this morning, the Mizuho Americas teams indicated that they had raised their target for the processor designer’s stock from $850 to $1,000.
The research firm explains that it expects valuation multiples to continue to expand within the semiconductor sector given the many catalysts looming on the horizon.
According to its estimates, the markets for mobility and custom silicon chips for AI are most likely to boost activity.
At Wedbush, Dan Ives emphasizes that for each dollar invested in Nvidia’s accelerators, the multiplier effect for businesses and individuals should exceed ten dollars over the next few years.
To illustrate the extent to which the value is now unanimous among professionals, a BofA survey revealed yesterday that Nvidia shares were currently held in the portfolio by 67% of fund managers.
With a gain of 3.3%, Nvidia once again appears among the strongest gains in the Nasdaq index on Thursday, with a market capitalization which is now close to $2.3 trillion.
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