Nvidia's (NVDA) Long-Term AI Trajectory Remains Intact, Wolfe Says

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks to Keep on Your Radar. On February4, Wolfe reiterated the stock as “Outperform,” urging investors to be patient with Nvidia shares. The firm believes Nvidia’s valuation has become compelling once more, and that its long-term earnings trajectory remains intact.

Our positive call on NVDA (we added NVDA to the Wolfe Alpha List last month) is based on our view of fundamentals, and not about seasonal trading trends.

Wolfe highlighted how “over the past 3 years, the majority of NVDA’s performance occurred in the Jan-Aug timeframe,” but that the seasonal trend only “perhaps help[s] to explain the stock’s underperformance over the last 2 quarters.”

The firm sees a clear path to upside in estimates for CY26 and CY27 for the AI chipmaker. This is driven partly by continued unit growth, but also particularly because of pricing tailwinds as Rubin and Rubin Ultra ramp.

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: 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.