AI Infrastructure Rally Lifts Targets on Nvidia, Micron and AMD

Bank of America analyst Vivek Arya raised his long‑term AI infrastructure outlook, lifting Nvidia’s target to $320 (from $300), Micron’s to $950 (from $500), and AMD’s to $500 (from $450), as AI data‑center spending expands beyond accelerators into CPUs, networking and memory. The bullish stance aligns with a strong buy/consensus for all three stocks, with targets implying roughly 42% upside for NVDA, 18% for MU, and 12% for AMD from current levels. Catalysts cited include Nvidia’s upcoming earnings, the Computex show, and the anticipated Vera Rubin platform, reflecting broader AI adoption across enterprise software, cloud computing and consumer apps.