We recently published a list of
10 Trending AI Stocks on Wall Street Right Now. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other trending AI stocks on Wall Street right now.
On June 3
rd, Jefferies added six new names to its list of “highest-conviction, Buy-rated” stocks, including chip giant NVIDIA Corporation (NASDAQ:
NVDA).
The firm sees upside to the chipmaker’s full year 2025 guidance from its Blackwell Ultra chips and strength in networking.
“Ramp of Blackwell should push (gross margin %) to mid-70% throughout the year.”
A close-up of a colorful high-end graphics card being plugged in to a gaming computer.
The firm views Nvidia as a dominant supplier of AI accelerators within the data center, coming away impressed with the company’s quarterly results. The highlight was particularly its revenue projection that largely mirrored what analysts expected despite the impact from U.S. export curbs. This revenue optimism largely comes from the “massive step up” in AI commitments from Saudi Arabia and the United Arab Emirates.
“We view NVDA as the dominant supplier of AI accelerators within the data center, an industry that is expanding rapidly due to the development and adoption of AI.”
NVIDIA specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.
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Disclosure: None. This article is originally published at
Insider Monkey.
