Cantor Fitzgerald Reiterates Overweight Rating on NVIDIA (NVDA) Stock

NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Long Term Growth Stocks to Buy Now. On October 3, Cantor Fitzgerald reiterated its “Overweight” rating with the price objective of $240.00. As per the analyst, the company has been solidifying its position as the de facto AI infrastructure company, which is quarterbacking the strong AI industry buildout that is in its infancy. Furthermore, the firm identified NVIDIA Corporation (NASDAQ:NVDA) as its top pick among the AI-levered stocks.

In Q2 2026, the company reported revenue of $46.7 billion, reflecting a rise of 6% from the previous quarter and 56% YoY. The company’s Blackwell Data Center revenue rose 17% sequentially. Earlier, in September, NVIDIA Corporation (NASDAQ:NVDA) and Intel Corporation (NASDAQ:INTC) announced a collaboration to jointly develop multiple generations of custom data center and PC products, which accelerate applications and workloads throughout hyperscale, enterprise, and consumer markets.

Columbia Threadneedle Investments, an investment management company, released its Q2 2025 investor letter. Here is what the fund said:

“Shares of core holding NVIDIA Corporation (NASDAQ:NVDA) surged during the quarter, after the company reported strong quarterly results driven by very strong demand for the company’s next-generation Blackwell architecture. The new Blackwell chips deliver compelling performance improvements, with up to 30x faster inference capabilities as compared with prior generations and, importantly, are much more energy efficient. The company also proved resilient against a backdrop of increasing geopolitical tension, as sovereign deals announced in parts of the world such as the Middle East and Taiwan helped to offset headwinds that resulted from U.S. export restrictions on China sales.”

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.