There are still big gains to be had in Nvidia , according to Cantor Fitzgerald. The investment firm raised its price target on the graphics processing unit maker to $300 from $240, implying that shares could surge 59%. Cantor also kept its overweight rating on the stock. While renewed interest in the AI trade has driven Nvidia to new highs recently, analyst C.J. Muse asserted that the stock’s long-term prospects still look solid. Supporting this point is the fact that AI token demand has “exploded” in the past 12 to 16 weeks. NVDA YTD mountain NVDA YTD chart “We are still in the early innings of a multi-trillion AI Infrastructure build-out with just the Hyperscalers providing significant line-of-sight into hundreds of billions of demand for the next handful of years, never mind other drivers such as Neo-Clouds, Enterprise, and Physical AI,” he wrote. “Thus, this is not a bubble, and we are still in the early innings of this investment cycle.” Muse believes that token generation could drive the AI infrastructure market to between $3 to $4 trillion in 2030. The analyst also pointed to Nvidia’s new partnership with OpenAI as a catalyst. In this partnership, Nvidia will invest up to $100 billion in OpenAI as the ChatGPT maker plans to build and deploy Nvidia systems that require 10 gigawatts of power. “What is unique to the “new” relationship is to help OpenAI stand up as its own self-hosted hyperscaler … truly a win-win for both, with the option to invest in OpenAI an added benefit to NVDA,” Muse wrote. The AI poster child has popped 41% this year. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
