Daiwa Raises NVDA Target to $205, Says the Chipmaker Is Undervalued

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Analysts Are Tracking CloselyOn September 17, Daiwa reiterated the stock as “Outperform” and raised its price target on the stock to $205 per share from $165. The firm believes that Nvidia is “undervalued.”

“NVIDIA keeps marching forward carrying on its broad shoulders the AI mantra. CEO Jensen Huang’s is traveling the world, and having success, supporting this effort.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

An experienced financial analyst working with a laptop, illustrating the level of financial expertise.

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.