NVIDIA Hits New 52-Week High as Cantor Fitzgerald Boosts Price Target to $300 Amid AI Boom

NVIDIA (NASDAQ: NVDA) shares surged 2.5% on Thursday, reaching a new 52-week high after Cantor Fitzgerald analyst C.J. Muse raised his price target to a Street-high $300 per share. The revised target implies a potential $7.3 trillion market valuation—up from the chipmaker’s current $4.7 trillion, already making it the world’s most valuable company.

Muse’s upgrade follows investor meetings in New York with NVIDIA CEO Jensen Huang, CFO Colette Kress, and other top executives. Dismissing talk of an AI “bubble,” Muse emphasized that we’re still in the “early innings” of a multi-trillion-dollar AI infrastructure buildout. He noted that major hyperscalers are fueling hundreds of billions in demand, while emerging drivers like Neo-Clouds, enterprise AI, and physical AI continue to expand the market opportunity.

A standout takeaway from the meetings was NVIDIA’s deepening partnership with OpenAI. The collaboration aims to transform OpenAI into a self-hosted hyperscaler—cutting out server manufacturers and cloud providers to reduce costs and margin stacking. This move could pressure the ASIC market while enhancing NVIDIA’s competitive edge. Muse added that NVIDIA’s annual “Extreme Co-Design” cycle further strengthens its full-stack AI ecosystem, powered by CUDA-X, enabling large-scale, end-to-end deployment.

Muse forecasts NVIDIA’s earnings power to reach $8 per share in 2026—well above the current consensus of $6.26—and potentially $11 in 2027 versus the $7.36 consensus. Based on a 27x multiple of the 2026 estimate, his $300 target suggests over 60% upside. He projects even greater long-term potential as NVIDIA targets $50 in EPS by 2030 amid a $3–4 trillion AI infrastructure landscape.

In Muse’s words, channeling Bruce Springsteen: “NVDA was (and continues to be) Born to Run.”