Daiwa raises price targets for Nvidia (NVDA.US) and Broadcom (AVGO.US), asserting that demand for AI will "substantially" accelerate next year.

According to the Zhixun Finance APP, Morgan Stanley analysts raised the target stock prices of Nvidia (NVDA.US) and Broadcom (AVGO.US) on Monday, pointing out that the strong momentum related to artificial intelligence is likely to "substantially" accelerate next year. The bank raised Nvidia's target stock price from $235 to $250 and Broadcom's target stock price from $409 to $443.