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Wall Street analysts predict AMD and Elon Musk's SpaceX stock prices are expected to rise by 164% and 484% respectively.
Baird analyst Tristan Gerra raised his price target for NVIDIA competitor AMD from $625 to $1,250 in late July, implying a potential 164% upside from its August 21 closing price. Gerra believes AMD's Instinct GPUs are poised to challenge NVIDIA's data center market share. Meanwhile, Raymond James analyst Brian Gesuale predicts that Elon Musk's SpaceX stock could reach $800 by 2031, a 484% increase from its August 21 closing price, at which point its valuation would be approximately $10.5 trillion. Gesuale's forecast is based on SpaceX's enormous market potential in the AI sector, projecting its 2031 sales to reach $837 billion.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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