NVIDIA Stock Price to Rally Another 52%, Predicts Cantor Fitzgerald
Highlights
- Cantor Fitzgerald has reiterated buy rating on NVIDIA stock and price target steady at $350.
- Analyst sees robust demand for its chips amid a broader customer base and rising AI capex.
- NVIDIA stock price is up almost 0.80% to $230.20 in premarket on Thursday.
Cantor Fitzgerald has revealed a bullish outlook on American tech giant NVIDIA, predicting the stock can still climb more than 52% from recent levels amid AI infrastructure demand. Nvidia stock price jumped almost 1% in premarket on Thursday after a recent meeting with US President Donald Trump.
Cantor Fitzgerald Recommends ‘Buy’ on NVIDIA Stock
Cantor Fitzgerald reiterated ‘Overweight’ on NVIDIA Corp., an artificial intelligence (AI) and accelerated computing firm, on October 1. It recommended a Buy rating on the NVDA stock, stating the “upside is too great to ignore.”
The firm also kept its NVIDIA stock price target steady at $350, a more than 52% rally from current levels. Analyst C.J. Muse sees robust demand for its chips amid a broader customer base and rising AI capex. This will support revenue growth by more than 70% in 2027.
NVIDIA plans to produce up to $500 billion of AI infrastructure in the U.S. with partners including TSMC, Foxconn, Wistron, Corning, and others. Meanwhile, rising AI spending, work on AI safety, and recent collaboration and partnerships raise confidence in the stock.
The ‘Buy’ call comes as NVIDIA CEO Jensen Huang joined the White House AI meeting earlier this week. The event included US President Donald Trump, House Speaker Mike Johnson, and other tech leaders such as Elon Musk, Anthropic’s Dario Amodei, Google’s Sundar Pichai, Meta’s Mark Zuckerberg, and OpenAI’s Greg Brockman.
Trump said leading AI firms, including Nvidia, had signed a voluntary AI safety agreement. Trump also signed an order renaming artificial intelligence to “super intelligence.” Jensen Huang had also attended the recent White House state dinner for Chinese President Xi Jinping.
NVDA Share Price to Rally?
NVIDIA stock price closed 0.51% higher at $228.38 on Wednesday. Trading volume was almost 119 million, slightly below the average 123 million volume mark. The stock has surged more than 22% year-to-date (YTD) amid massive AI buzz.
In premarket hours today, NVIDIA stock price is up almost 0.80% to $230.20. The upside momentum is picking up as its board upsized its NVDA share buyback program to $235 billion through fiscal 2028, raising by a record $150 billion authorization.
In addition, the company introduced the Open Agent Safety Platform, an open software platform and reference system design for governing AI agents from testing through deployment.
While developers work on securing commercial agents, traders in the digital asset space must also evaluate the safety and analytical depth of real AI crypto trading bots before connecting them to their capital.
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