Analyst Reiterates Buy on Nvidia (NVDA): ‘Best Positioned in AI’

We recently published a list of 10 AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other best AI stocks on latest news and ratings.

Analyst Reiterates Buy on Nvidia (NVDA): ‘Best Positioned in AI’

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NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. One of the most notable analyst calls on Thursday, May 22, was for Nvidia Corporation. Oppenheimer reiterates the stock as “Outperform” with a $175 price target. The firm said it’s bullish on the stock ahead of earnings next week.

“NVDA remains best positioned in AI, in our view, benefiting from full-stack AI hardware/software and unique rack-level approach. Reiterate Outperform and $175 target.”

Overall, NVDA ranks 2nd on our list of best AI stocks on latest news and ratings. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

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