Home / Business and Economy / NVIDIA's AI Dominance Continues as Hyperscalers Fuel Accelerating Infrastructure Spend
NVIDIA's AI Dominance Continues as Hyperscalers Fuel Accelerating Infrastructure Spend
27 Aug
Summary
- Cantor Fitzgerald reiterates Overweight rating on NVIDIA stock with $240 price target
- Hyperscalers' AI infrastructure spend forecast to rise 57% and 20% in 2025 and 2026
- NVIDIA well-positioned for major beats and raises in early stages of Blackwell product cycle
According to the latest analysis, NVIDIA Corporation (NASDAQ:NVDA) continues to be a top choice among AI stocks. On August 25, 2025, Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating on the stock with a $240.00 price target, driven by the strength in artificial intelligence infrastructure spend.
The report highlights that artificial intelligence infrastructure spend is accelerating rapidly, fueled by hyperscalers, sovereigns, neoclouds, and enterprises. Notably, the capital expenditure forecasts for hyperscalers such as Microsoft, Meta, Google, and Amazon have risen to 57% and 20% for calendar years 2025 and 2026, respectively.
While the firm has acknowledged some temporary challenges, it remains bullish on NVIDIA's long-term prospects. The company is in the early stages of its Blackwell product cycle, positioning it for significant beats and raises in the coming years. Cantor Fitzgerald expects NVIDIA's earnings per share to reach $8 in calendar year 2026, supporting the $240 price target at a 30x multiple.
