KeyBanc Reaffirms Buy on Nvidia Ahead of Earnings, Citing Strong AI Demand

NVIDIA Corporation (NASDAQ:NVDA) is one of the Trending AI Stocks on Wall Street’s Radar. On October 6, KeyBanc reiterated its Overweight rating on the stock with a $250.00 price target. The rating affirmation comes ahead of Nvidia’s upcoming earnings report on November 19.

The firm believes that robust near-term hyperscaler demand and continued ramp of GB200/300 products will play out in favor of the stock, resulting in stronger results and guidance.

KeyBanc anticipates rack shipments rising and China sales resuming, potentially boosting near-term performance.  It also stated that Nvidia has raised its CoWoS demand forecast to 370,000 interposers with supply reaching 530,000 interposers.

This underscores stronger production capacity and solid footing in the generative AI market.

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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