NVIDIA (NVDA) Stock Gets Bullish Call Amid U.S.-China Chip Agreement Reports

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Investors Are Watching Closely. On August 12, Bank of America reiterated the stock as “Buy.” The firm said that it is sticking with the stock after reports of a favorable deal for Nvidia to receive chip export licenses.

“Busy period of interactions between the US Government (USG)/White House (WH) and major US chipmakers. The critical nature of semis is likely to enhance these interactions that will continue to be both positive and a headwind/source of volatility. Recent news involves: 15% potential tax/levy on sales of specific AI chips in return for China approvals: a net positive and we maintain Buys on NVDA, AMD.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $190 implies a 5.10% upside; however, the Street-high target of $250 implies an upside of 38%.

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 Investors Are Watching Closely and 10 AI Stocks Analysts Are Watching Closely.

Disclosure: None.