Wall Street sets Nvidia and AMD price targets for next 12 months

Wall Street is adjusting its outlook on two of the biggest semiconductor companies on the market, Nvidia (NASDAQ: NVDA) and AMD (NASDAQ: AMD), as enthusiasm for artificial intelligence (AI) continues to grow.Nvidia price target as high as $250Ben Reitzes, analyst at Melius Research, reiterated his “Buy” rating on NVDA stock on July 15 while raising his target price for the stock from $200 to $235.As reported by Barron’s on July 15, the analyst noted that Nvidia’s revenue is poised to accelerate in the secon ...