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Barclays Says Nvidia (NVDA) Has the Most Upside in Its Coverage—Here’s Why

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 17, analyst Thomas O’Malley at Barclays raised his price target on the stock from $170 to $200 while maintaining an “Overweight” rating. The new target reflects significant upside potential for Nvidia in the second half of the year, backed by robust demand across the company’s supply chain.

The rating affirmation asserts that Barclays continues to feel optimistic about NVIDIA’s market potential and performance trajectory. Conducting checks with the supply chain after first-quarter earnings, the firm has identified approximately “$2 billion in upside in July for Nvidia vs. Street numbers.” This has led to a lift in its full-year Compute revenue estimate to $37 billion from $35.6 billion.

Even though Blackwell’s capacity at an estimated 30,000 wafers per month in June fell short of the firm’s expectations of 40,000 wafers, the firm asserted that “utilizations are healthy, and the supply chain sounds positive on the 2H of the year.”

Meanwhile, Blackwell Ultra is on track, and its mass production is scheduled for the third quarter. According to analysts, “both Ultra and higher volume should help gross margins (GMs) in the 2H.” The firm has therefore revised its Compute revenue forecasts for the third and fourth calendar quarters to $42 billion and $48 billion, respectively. This is above its prior projections and the Street consensus.

“Even with the recent run, this name has the most potential upside in our coverage for the 2H and we raise our PT to $200.”

-Analysts led by Tom O’Malley.

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 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.

READ NEXT: 10 AI Stocks on Wall Street’s Radar and 15 AI Stocks Making Waves on Wall Street.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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