Wedbush Lifts NVIDIA Target to $300; Akamai Deploys GPUs as Broadcom Eyes $100B Sales
Wedbush raised its NVIDIA target to $300 from $230 after stronger-than-expected Q4 results, and Morgan Stanley reinstated NVIDIA as its top semiconductor pick with a $260 price objective based on 18x projected 2027 earnings. Akamai deployed thousands of Blackwell GPUs and Broadcom forecasts $100B AI chip sales by 2027.
1. Analyst Upgrades Boost Price Forecasts
Wedbush raised its price target to $300 from $230 following robust Q4 performance and maintained an Outperform rating. Morgan Stanley reinstated NVIDIA as its top semiconductor pick with an Overweight rating and a $260 objective, highlighting an attractive 18x multiple on projected 2027 earnings.
2. Akamai Expands GPU Deployment
Akamai has integrated thousands of NVIDIA Blackwell GPUs into its distributed cloud infrastructure to accelerate AI inference workloads, enhancing research, fine-tuning, and post-training optimization while substantially reducing latency and data-transfer bottlenecks.
3. Intensifying Competition from Broadcom
Broadcom’s CEO projects annual AI chip sales exceeding $100 billion by 2027, underscoring heightened rivalry in the AI accelerator market and potential pressure on NVIDIA’s share in high-performance computing and data center segments.