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NVIDIA Corporation (NASDAQ:NVDA) is a Must-Watch AI Stock on Wall Street. On July 11, Wedbush reiterated the stock as “Outperform”. The firm said its checks show high demand for Nvidia products.
“We saw demand for both NVDA GPUs [graphics processing unit] and AI accelerators lifting.”Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $175 implies a 6% upside; however, the Street-high target of $250 implies an upside of 52%.
In other news, Nvidia CEO Jensen Huang will be holding a media briefing in Beijing on July 16. The meeting marks his second visit to the country after his trip in April, where he highlighted the importance of the Chinese market.
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, providing high-performance GPUs and platforms that power data centers, autonomous vehicles, 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 Trending AI Stocks on News and Ratings and 10 Trending AI Stocks on Wall Street.
Disclosure: None.
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Stock Market Today: Dow Falls While Nasdaq Advances; AI Stocks Soar On China Chip News (Live Coverage)
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