Analyst Says Nvidia (NVDA) Has ‘Zeroed Out’ of China Revenue

We recently published Top Analyst Calls: 8 Stocks to Buy and Sell. NVIDIA Corp (NASDAQ:NVDA) is one of the top analyst calls.

Patrick Moorhead of Moor Insights & Strategy commented on the China-related selloff after President Trump’s tariff announcements earlier in October. The analyst at the time said the selloff was an overreaction and made the case that Nvidia has “zeroed out” of China revenue going forward.

“I think this is a complete overreaction. Let’s take NVIDIA Corp (NASDAQ:NVDA) as an example. Nvidia zeroed out all revenue for China going forward. They just zeroed it out in all of their forecasts. But this is a left-brain emotional reaction. I mean, listen, I understand companies like Apple, who quite frankly do most of the manufacturing in China and a little bit in India. But NVIDIA Corp (NASDAQ:NVDA) and even AMD in particular make absolutely no sense.”

Analyst Says Nvidia (NVDA) Selloff was ‘Emotional Overreaction’ - Here’s Why

The analyst was right. Nvidia shares have been gaining despite China-related tensions, which eased following the Trump-Xi meeting in South Korea. Trump told reporters after the meeting that Nvidia did not come up during his discussion with his Chinese counterpart.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% 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.