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AI stocks have been pulling back in recent trading sessions, but certain analysts believe that the dominant ones are set to keep rallying. Last Tuesday, top Jefferies analyst Blayne Curtis increased his price target on Nvidia (NVDA) from $220 to $240, keeping his "Buy" rating.
He cited that Nvidia revealed $500 billion in orders for 2025 to 2026 across its Blackwell and Rubin chips during the GTC 2025 event. He sees Nvidia continuing to be a "dominant" player in the industry. It offers “all the building blocks, including GPU, CPU, NIC, Scale Up Switch, Scale Out Switch, and now CPX.”