Why Analysts Say NVIDIA Remains the Best AI Play

NVIDIA Corporation (NASDAQ:NVDA) is one of the Must-Watch AI Stocks for Investors. On August 19, TD Cowen analyst Joshua Buchalter raised the price target on the stock to $235.00 (from $175.00) while maintaining a Buy rating.

According to the analysts, Nvidia shares trade at a discount to Broadcom even though they have a “cleaner set-up. They also believe that the stock remains the “best and cleanest way” to gain exposure to artificial intelligence and demonstrate the potential to beat high expectations into earnings.

“Into the Print: We See NVDA Best Positioned to Clear A High Bar; More Balanced On AVGO, MRVL, CRDO. Positive on NVIDIA (Buy), as we see strong fundamentals and a clean narrative (despite the chaos and distraction surrounding H20 and China) as the Blackwell-Blackwell Ultra handoff is transitioning rapidly and smoothly. We note NVIDIA is trading at a discount to Broadcom despite what we see as a cleaner set-up, and we believe remains the best and cleanest way to play AI… still."

"We leave our well-above Street $55B OctQ estimate unchanged, which we note does not include H20 revenue given timing/magnitude uncertainty. We also see upside to our above-Street 2026 estimates, well beyond adding back datacenter sales to China.”

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.

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Disclosure: None.