Bank of America Reiterates “Buy” on NVIDIA (NVDA), Calls It Top AI Pick

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Investors Are Watching CloselyOn October 3, Bank of America reiterated the stock as “Buy” stating that the stock remains a top idea.

“We continue to prefer NVDA as our top AI pick, levered to the most critical compute (accelerator) and networking (scale-up links/switches, scale-out switches, NICs, DPUs), components of the $1.2tn potential data center capex.”

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 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.