Cantor Fitzgerald raises price targets for several AI stocks including Micron and MRVL

BlockBeats news, on June 29, Cantor Fitzgerald raised the target prices of several semiconductor companies, citing the durability of the AI infrastructure cycle and the long-term industry growth exceeding expectations.

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

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

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

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

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

Cantor expects that AI infrastructure construction will drive the semiconductor industry into a multi-year super cycle, with industry revenue possibly exceeding $3.5 trillion by 2030.