Truist Raises PT on NVIDIA Corporation (NVDA) to $275 From $255

NVIDIA Corporation (NASDAQ:NVDA) is one of the most widely held stocks by hedge funds in 2025. Truist lifted its price target on NVIDIA Corporation (NASDAQ:NVDA) to $275 from $255 on December 19, maintaining a Buy rating on the stock after adjusting price targets in the AI and semiconductor group to take into account its 2027 estimates.

Separately, on December 18, NVIDIA Corporation (NASDAQ:NVDA) announced that the NVIDIA RTX PRO 5000 72GB Blackwell GPU is now generally available. Powered by the NVIDIA Blackwell architecture, the release brings robust generative and agentic AI capabilities to more professionals and desktops across the globe.

The company reported that the new GPU configuration allows data scientists, AI developers, and creative professionals access to the hardware for “modern, memory-hungry workflows”, arriving at a backdrop in which the demand for NVIDIA Blackwell-class compute is higher than ever.

AI developers have the flexibility to choose between this 72GB variant and the existing NVIDIA RTX PRO 5000 48GB model to right-size their systems for an elaborate range of budget and project requirements.

In another development, Reuters reported on December 17 that NVIDIA Corporation (NASDAQ:NVDA) is among Morgan Stanley’s two preferred names in the processor market. The firm told investors:

“As we write this, there is growing enthusiasm for ASIC, where growth will be strong, but as various bottlenecks emerge, we continue to think that NVIDIA will be the highest ROI solution in cloud, particularly as Vera Rubin ramps in 2h26.”

It added that although there is limited leverage, Morgan Stanley continues to believe that the market is underestimating NVIDIA Corporation’s (NASDAQ:NVDA) position.

NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.

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.