Citi Maintains a Buy on NVIDIA Corporation (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) is one of the best major stocks to invest in right now. Citi reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) on January 7 and set a price target of $270.00. The firm exhibited confidence in the company’s leadership, stating that a new wave of physical AI, along with reasoning and agent-based AI, is expected to drive demand beginning in 2026. It added that the Groq acquisition is anticipated to expand NVIDIA Corporation’s (NASDAQ:NVDA) addressable market by pairing its high-throughput strengths with Groq’s ultra-low-latency capabilities.

Analyst Explains How NVIDIA (NVDA) Can Reach $8 Trillion Market Cap

In a separate development, NVIDIA Corporation (NASDAQ:NVDA) and Siemens announced on January 6 a considerable expansion of their strategic partnership to bring AI into the real world. The partnership aims at developing physical and industrial AI solutions to bring innovation to every industry and industrial workflow while also expediting each other’s operations. The development would be supported by NVIDIA Corporation (NASDAQ:NVDA) providing the simulation libraries, AI infrastructure, models, blueprints, and frameworks, and Siemens committing hundreds of industrial AI experts and leading hardware and software.

NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.

While we acknowledge the potential of NVDA to grow, 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.