Nvidia (NVDA) Named a Top Pick Ahead of Earnings, Says Morgan Stanley

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in the Spotlight Right Now. On July 22, Morgan Stanley reiterated the stock as “Overweight,” stating that Nvidia is a top idea heading into earnings in August.

“Expecting the pace of revenue and EPS upside to accelerate on the earnings report, driving compelling risk reward into the quarter.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $185 implies a 10.8% upside; however, the Street-high target of $250 implies an upside of 49%.

Nvidia (NVDA) Named a Top Pick Ahead of Earnings, Says Morgan Stanley

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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.

READ NEXT: 10 AI Stocks on Wall Street’s Radar and 10 AI Stocks Analysts Are Tracking Closely.

Disclosure: None.