Truist Reaffirms Buy on NVIDIA (NVDA), Raises PT to $275 on AI Infrastructure Upside

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in the Spotlight for Investors. On December 19, Truist reiterated the stock at “Buy” and raised its price target to $275 per share from $255. The firm revised price targets in the semiconductor and artificial intelligence group after establishing 2027 projections.

“In this construct, we favor Buy-rated AI infra companies NVDA, AMD, and AVGO, and derivatives MPWR, TTMI, APH, & MTSI.”

While Truist acknowledges that there are challenges in finding power to run AI infrastructure and sourcing the funds, it believes AI infrastructure stocks remain cheap compared to their growth.

The firm also sees more upside pressure to estimates for the group compared to more diversified analog semis heading into 2026. Analysts also noted how AI capital expenditure upside will continue in 2026.

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 Trending AI Stocks on Wall Street and 10 AI Stocks on the Market’s Radar

Disclosure: None.