Barclays raised its price target on NVIDIA (NASDAQ: NVDA) to $240 from $200 while reiterating an Overweight rating, citing accelerating industry-wide investment in AI infrastructure.
The firm noted that NVIDIA CEO Jensen Huang’s earlier forecast of a $1 trillion market by the end of the decade now looked conservative, with announced projects pointing to more than $2 trillion in planned spending. Roughly 65%–70% of this was expected to flow into compute and networking, areas where NVIDIA was a dominant player.
Barclays estimated $1.5 trillion in compute and networking investment and around 19 million GPUs, with demand visibility improving following OpenAI’s recent 10GW deal with the company. Analysts introduced an AI capacity tracker to monitor deployments in real time and said most of the benefit would accrue to NVIDIA’s financials over the next five-plus years, making it their most attractive pick in the sector.
