UBS reiterates buy rating on Nvidia with $245 price target, citing AI demand
UBS maintains a buy rating and $245 price target for Nvidia, driven by strong AI infrastructure demand and its growing influence on crypto projects.Summary
UBS has reaffirmed its buy rating on Nvidia with a $245 price target, citing sustained demand for AI infrastructure despite minor supply chain fluctuations. Analyst Timothy Arcuri notes that the company’s growth is bolstered by its pivotal role in the AI ecosystem. Beyond traditional semiconductors, Nvidia is increasingly connected to the blockchain sector, evidenced by a $420 million investment in the decentralized AI protocol Bittensor. Market analysts suggest a potential institutional crossover, where growth in Nvidia’s chip sales may indirectly stimulate interest in crypto AI protocols that rely on decentralized inference services. Investors are advised to monitor Nvidia’s earnings and prioritize projects with tangible GPU utility over those merely leveraging AI branding.
(Source：Crypto Briefing)