Citi Maintains a Buy on NVIDIA Corporation (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) is one of the best major stocks to invest in right now. Citi reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) on January 7 and set a price target of $270.00. The firm exhibited confidence in the company’s leadership, stating that a new wave of physical AI, along with reasoning and agent-based AI, is expected to drive demand beginning in 2026. It added that the Groq acquisition is anticipated to expand NVIDIA Corporation’s (NASDAQ:NVDA) addressable market by pairing its high-throughput strengths with Groq’s ultra-low-latency capabilities.

In a separate development, NVIDIA Corporation (NASDAQ:NVDA) and Siemens announced on January 6 a considerable expansion of their strategic partnership to bring AI into the real world. The partnership aims at developing physical and industrial AI solutions to bring innovation to every industry and industrial workflow while also expediting each other’s operations. The development would be supported by NVIDIA Corporation (NASDAQ:NVDA) providing the simulation libraries, AI infrastructure, models, blueprints, and frameworks, and Siemens committing hundreds of industrial AI experts and leading hardware and software.

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.