Wall Street's making some bold moves on chip stocks. A major investment bank just raised its price targets for a couple of semiconductor players, and here's the kicker—they're projecting one of the big names could surge over 40% from current levels.

The chipmaker in question? The AI and GPU giant that's been dominating headlines. With data centers expanding and AI workloads exploding, analysts are betting the rally's got more room to run. Whether that 40%+ target plays out depends on demand staying hot and supply chains keeping pace.

Interesting timing too, considering how chip stocks have been trading lately. Some consolidation, some volatility, but institutional money seems willing to chase the narrative higher.