JPMorgan Reaffirms NVIDIA (NVDA) as a Top AI Networking Play

NVIDIA Corporation (NASDAQ:NVDA) is one of the Trending AI Stocks on Wall Street.  On July 25, JPMorgan reiterated the stock as “Overweight,” stating that the stock remains a top pick in AI networking.

“Overall, we believe Broadcom, NVIDIA, Astera Labs, and Marvell are all expected to benefit from the incremental SAM [segment anything model] opportunity in scale-up networking. The strong growth in the scale-up network should represent a strong revenue tailwind over the coming years.”

JPMorgan Reaffirms NVIDIA (NVDA) as a Top AI Networking Play

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Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $185 implies a 6.63% upside, however, the Street-high target of $250 implies an upside of 44%.

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, providing high-performance GPUs and platforms that power data centers, autonomous vehicles, 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.