Piper Sandler Gives Nvidia Top AI-Compute Ranking

Nvidia is being hailed as the outright leader in AI compute by Piper Sandler analyst David O'Connor, who initiated coverage of the stock with a Buy rating and $300 price target.

O'Connor estimates that Nvidia controls 80% of the AI-compute market and 50% of unit shipments, giving it unmatched scale as compute demand expands.

The analyst believes that Nvidia preserves its lead by releasing next-generation products faster than rivals, with its Vera Rubin rollout on schedule to account for approximately 20% of fiscal third-quarter 2027 data-center revenue.

O'Connor also expects shortages to continue for another two to three years, supporting pricing and limiting the threat from competing accelerators.