Bernstein Sees Upside in NVIDIA (NVDA) With Datacenter Growth Potential

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in Focus on Wall StreetOn September 22, Bernstein reiterated the stock as “Buy” stating that it’s sticking with shares of Nvidia.

“The datacenter opportunity is enormous, and still early, with material upside still possible.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $211 implies a 20.29% upside; however, the Street-high target of $389.73 implies an upside of 121.65%.

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.