Nvidia, Micron price targets raised at KeyBanc
What improvements did John Vinh note about server demand?
John Vinh, an analyst at KeyBanc, noted that server demand is improving, driven by robust demand for AI chips. He highlighted that traditional server demand is improving and is expected to continue, with most of the demand coming from US cloud providers. Additionally, he mentioned sustained demand from China and moderating, improving demand within the enterprise sector.
Why did KeyBanc raise Nvidia's price target to $180?
KeyBanc raised Nvidia's price target to $180 due to strong demand signals for the company's products, particularly in the data center segment. Analyst John Vinh highlighted improving traditional server demand and robust AI demand as key factors supporting the increase. This optimistic outlook is further bolstered by the potential for NVIDIA's GB200 to contribute significantly to data center revenues, possibly supporting over $200 billion in revenue by 2025.
What new price target did KeyBanc set for Micron?
KeyBanc set a new price target of $165 for Micron, up from the previous target of $160. This increase was due to improving traditional server demand and sustained AI demand in the chip sector.