Cantor Fitzgerald raises price targets for several AI stocks including Micron and MRVL
BlockBeats news, on June 29, Cantor Fitzgerald raised the target prices of several semiconductor companies, citing the durability of the AI infrastructure cycle and the long-term industry growth exceeding expectations.
Micron: Target price raised from $1,500 to $2,000 (Overweight);
Marvell: Target price raised from $220 to $300 (Neutral);
Lam Research: Target price raised from $425 to $500 (Overweight);
Intel: Target price raised from $90 to $150 (Neutral);
AMD: Target price raised from $500 to $700 (Overweight).
Cantor expects that AI infrastructure construction will drive the semiconductor industry into a multi-year super cycle, with industry revenue possibly exceeding $3.5 trillion by 2030.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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