Mizuho analysts have elevated their price target for NVIDIA Corporation to $1000, simultaneously maintaining a Buy rating on the stock. They identify the company as a key player benefiting from the AI landscape. NVIDIA reached an all-time high of $924.98 in today’s trading, with the highest price target set at $1400.

The analysts forecast a robust increase in NVIDIA’s AI-driven revenue through 2024/25 and expect data center revenues to hit $89 billion by 2024, with potential for additional growth.

In related news, AMD is expected to make substantial strides in the AI GPU market. Simultaneously, Broadcom’s AI revenues are projected to grow from $8 billion in 2024 to a potential $20 billion in 2027.