Goldman and Bernstein Signal More Upside Ahead for NVIDIA (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) is one of the Must-Watch AI Stocks on Wall Street. On December 5, Bernstein reiterated the stock as “Outperform,” stating that the AI chipmaker is well positioned in the data center space.

“The datacenter opportunity is enormous, and still early, with material upside still possible.”

Another investment firm bullish on the AI behemoth is Goldman Sachs. Similar to Bernstein, the firm believes that the stock is quite compelling with more room to run.

“We reiterate our Buy rating as we continue to believe Nvidia has a sustainable model advantage over peers in AI training applications, we see significant upside to Street estimates, and we view valuation as relatively appealing at current levels.”

Overall, analysts on Wall Street currently have a consensus “Buy” rating on the chipmaker. The average price target of $250 implies a 37.05% upside, however, the Street-high target of $432.78 implies an upside of 137.26%.

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.

READ NEXT: 10 AI Stocks Making Headlines on Wall Street and 12 Must-Watch AI Stocks on Wall Street. 

Disclosure: None.