Nvidia shares rose 1.8 percent to $215.20 today, leading a broader advance among semiconductor companies as strong earnings reports confirm sustained demand from artificial intelligence infrastructure buildouts. The Nasdaq index rose 1.7 percent to 26,247.
Analysts at Goldman Sachs reiterated their "Buy" rating on Nvidia, citing its dominant position in AI accelerators and projecting the company's data center revenue will grow 60 percent year-over-year in the next fiscal quarter. This growth rate underpins a new price target of $250, reflecting underappreciation of sustained hyperscaler and sovereign AI spending.
Memory-chip manufacturers like Micron Technology are seeing increased order volumes for high-bandwidth memory, a critical component for AI servers working alongside GPUs to process large datasets efficiently. JPMorgan analysts raised their price target on Micron to $180, citing strong HBM pricing power and sustained demand through 2025. They expect HBM to contribute over 30 percent of Micron's total DRAM revenue by 2026, up from less than 10 percent currently.
CPU producers such as Intel and Advanced Micro Devices are introducing new server processors optimized for AI workloads, aiming to capture a larger share of the enterprise AI market. This strategic shift reflects AI-driven hardware upgrades across the entire computing stack, not just specialized accelerators.
Upcoming industry events, such as the Computex conference in Taipei next month, are expected to feature new chip architectures and partnership announcements. Nvidia is scheduled to release its next quarterly earnings report in late Aug. which will offer further insight into the pace of AI data center expansion.
