Nvidia and AMD Stock Have Upside on AI Opportunity, Analyst Says


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KeyBanc Capital Markets is getting more optimistic about Nvidia and Advanced Micro Devices based upon the growing demand for artificial-intelligence applications.

On Monday, analyst John Vinh reaffirmed his Overweight ratings for Nvidia (ticker: NVDA) and AMD stock (AMD). He also raised his price targets on Nvidia stock to $320 from $280, and on AMD stock to $110 from $95.