Cantor Fitzgerald tells investors in a research note that Nvidia (NVDA) is solidifying its position as “the” de facto AI infrastructure company, quarterbacking the robust AI industry buildout that is in its infancy today, and believes compute is likely constrained for years to come into CEO Jensen’s $3T-$4T spend in 2030. The firm, which says it is “way too early” to all the AI peak, has an Overweight rating and $240 price target on the shares.
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