Jefferies Lifts PT on NVIDIA Corporation (NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA) is one of the Unstoppable Stocks to Buy and Hold for the Next 5 Years. On September 27, Jefferies analyst Blayne Curtis lifted the price target on the company’s stock to $220 from $205, while keeping a “Buy” rating, as reported by The Fly. After NVIDIA Corporation (NASDAQ:NVDA) announced a partnership with OpenAI to deploy 10GW of Nvidia systems, the analyst highlighted that management made clear that this partnership reflects incremental demand and that it doesn’t overlap with existing OpenAI plans with Oracle or Microsoft.

Talking about the partnership, NVIDIA Corporation (NASDAQ:NVDA) stated that it plans to invest up to $100 billion in OpenAI progressively as each gigawatt is deployed. Notably, the first gigawatt of NVIDIA systems is expected to be deployed in H2 2026 on the NVIDIA Vera Rubin platform. Elsewhere, NVIDIA Corporation (NASDAQ:NVDA) and Intel Corporation collaborated to develop multiple generations of custom data center and PC products, which accelerate applications and workloads throughout hyperscale, enterprise, and consumer markets.

Chautauqua Capital Management, a division of Baird Asset Management, is a boutique investment firm that released its Q2 2025 investor letter for the “Baird Chautauqua International and Global Growth Fund”. Here is what the fund said:

“NVIDIA Corporation (NASDAQ:NVDA) reported first quarter results that were extremely solid. The company took a write-down on China-specific datacenter products and flushed out any future China contributions from their guidance, following the new export restrictions introduced in April. Demand commentary ex China was extremely encouraging—Nvidia is outgrowing expectations despite supply constraints and outgrowing competing ASIC products by a large margin. We have been underweight Nvidia relative to the benchmark, which was up 46% in the quarter, given our short-to medium-term concerns that the feverish AI datacenter build may be resulting in overcapacity, which has not come to bear.”

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. This article is originally published at Insider Monkey.