NVIDIA (NVDA) Remains a Top Pick for Gen AI, Says KeyBanc

NVIDIA Corporation (NASDAQ:NVDA) is one of the Hot AI Stocks to Keep on Your Radar. On September 9, KeyBanc reiterated the stock as “Overweight” stating that it remains bullish on the stock.

“From a stock perspective, we recommend positioning in stocks indexed to gen AI and/or are further through the destocking process and thus favor NVDA and AVGO.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $211 implies a 25.18% upside; however, the Street-high target of $389 implies an upside of 131%.

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.