Nvidia (NVDA) Stands Out as Wall Street Reaffirms AI Leadership Ahead of Mega Cap Earnings

NVIDIA Corporation (NASDAQ:NVDA) is a Must-Watch AI Stock on Wall Street. On October 27, DA Davidson reiterated its “Buy” rating on the stock, maintaining its price target of $210.00 ahead of mega cap earnings week.

The firm believes that investors will be focused primarily on artificial intelligence (AI) compute demand growth during the upcoming earnings period. This growth, it believes, remains significant.

“Most of the focus during mega cap earnings week will remain on the growth of AI compute demand, which we believe is still significant. As typical, this will mostly impact the outlook of the one mega cap not reporting this week, NVDA (BUY-rated $210 target). We expect NVIDIA’s largest customers to continue their capex trajectory, which they are now enhancing with buildout by neoclouds such as NBIS (Buy-rated $125 target), ORCL (NEUTRAL-rated $300 target), and CRWV (UNDERPERFORM-rated $36 target).”

On the same day, Mizuho reiterated Nvidia and Broadcom as “Outperform,” stating that both stocks are "best positioned."

"We believe NVDA and AVGO remain best-positioned with leadership in the AI Datacenter..."

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.