KeyBanc's analyst John Vinh raised price targets on Nvidia and Micron, citing improving traditional server demand and unabated AI demand in the chip sector. This comprehensive analysis reflects strong momentum for semiconductors, particularly in AI chips. The report highlights continued growth in demand from US cloud providers, as well as improving enterprise demand in China. Despite some concerns about insider selling, the overall bullish outlook for Nvidia remains strong, with gains of nearly 160% year-to-date. KeyBanc's insights point to sustained demand and a positive outlook for the sector in the coming quarters. This analysis underscores the resilient nature of the chip market, with expectations for continued growth and momentum in the near future.