Cantor Fitzgerald Raises Price Targets for AI Stocks Including Micron and MRVL

BlockBeats News, June 29th, Cantor Fitzgerald raised the price targets of several semiconductor companies, citing the enduring nature of the AI infrastructure cycle and stronger-than-expected long-term industry growth.

Micron: Target price raised from $1,500 to $2,000 (Hold);

Marvell: Target price raised from $220 to $300 (Neutral);

Lam Research: Target price raised from $425 to $500 (Hold);

Intel: Target price raised from $90 to $150 (Neutral);

AMD: Target price raised from $500 to $700 (Hold).

Cantor expects AI infrastructure development to propel the semiconductor industry into a multi-year supercycle, with industry revenue potentially exceeding $35 trillion by 2030.