What Does the Street Think About NVIDIA Corporation (NVDA)?

NVIDIA Corporation (NASDAQ:NVDA) is one of the most promising future stocks to buy now. Goldman Sachs maintained a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) on February 6 and set a price target of $250.

In a separate development, Reuters reported on February 3 that NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang told CNBC in an interview that the company may consider investing in OpenAI’s next fundraising round and the startup’s eventual IPO, with plans of investment remaining on track after recent reports detailing that the deal had been stalled. NVIDIA Corporation (NASDAQ:NVDA) had previously announced plans to invest up to $100 billion in the startup last September.

“We will invest in the next round,” Huang told CNBC’s Jim Cramer, calling it the “largest private round ever raised in history”. He denied being unhappy with OpenAI, stating that NVIDIA Corporation (NASDAQ:NVDA) plans to make a “huge” investment in the ChatGPT maker, probably its largest ever.

Reuters reported previously that OpenAI is looking to raise up to $100 billion in funding, valuing it at about $830 billion, adding that the two companies did not immediately respond to its requests for comment. However, it stated that OpenAI is not satisfied with some of Nvidia’s latest artificial-intelligence chips, looking for alternatives since last year, and potentially complicating the relationship between the “two highest-profile players” in the AI boom.

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.