Raymond James has raised its price target for Nvidia $NVDA to $352 from $330, while maintaining a Strong Buy rating.
The firm highlights Nvidia’s growing CPU business, which is expected to increase from roughly 3% of total revenue today to around 5% by 2028. While still a single-digit portion of Nvidia’s sales, the CPU segment is projected to become the company’s fastest-growing business, adding another major growth driver to the AI giant’s long-term outlook.
The firm highlights Nvidia’s growing CPU business, which is expected to increase from roughly 3% of total revenue today to around 5% by 2028. While still a single-digit portion of Nvidia’s sales, the CPU segment is projected to become the company’s fastest-growing business, adding another major growth driver to the AI giant’s long-term outlook.
