NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in the Spotlight This Week. On October 30, JPMorgan reiterated the stock as “Overweight,” stating that Nvidia is a beneficiary of “strong AI server spending.”
“We expect AI-related demand to drive a multi-year runway of growth for NVDA’s datacenter GPU business…”
On the same day, Mizuho raised the firm’s price target on the stock to $235 from $225 and kept an Outperform rating on the shares. The firm believes that Nvidia remains well positioned to “continue leading the AI race.”
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks Analysts Are Watching Closely and 11 Must-Watch AI Stocks on Wall Street
Disclosure: None.
