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Cantor Fitzgerald raised price targets for Micron, MRVL, and several other AI stocks.
BlockBeats News, June 29, Cantor Fitzgerald raised price targets for multiple semiconductor companies, citing the persistence of the AI infrastructure cycle and better-than-expected long-term industry growth.
Micron: Target raised from $1,500 to $2,000 (Overweight);
Marvell: Target raised from $220 to $300 (Neutral);
Lam Research: Target raised from $425 to $500 (Overweight);
Intel: Target raised from $90 to $150 (Neutral);
AMD: Target raised from $500 to $700 (Overweight).
Cantor expects AI infrastructure construction to drive the semiconductor industry into a multi-year super cycle, with industry revenue potentially exceeding $3.5 trillion by 2030.