An analyst stated that SpaceX's artificial intelligence (AI) division is experiencing rapid growth, providing the company with a significant advantage amid a shortage of key resources. Oppenheimer analyst Timothy Horan pointed out in a client report on Wednesday that SpaceX is poised to emerge as a winner in the short-term computing power shortage. Horan believes that the company can introduce infrastructure faster than other parties and leverage this infrastructure and data to improve its models at a quicker pace. Horan has given SpaceX stock a 'buy' rating and raised the target stock price from $250 to $280, implying that SpaceX has about a 100% upside from its current level.
