NVIDIA (NVDA) Remains a Franchise Pick as Jefferies Reiterates Buy

NVIDIA Corporation (NASDAQ:NVDA) is one of the Buzzing AI Stocks on Wall StreetOne of the biggest analyst calls on Friday, September 5, was for Nvidia Corporation. Jefferies reiterated the stock as “Buy,” stating that the stock remains on the franchise picks list.

“The rapid proliferation of AI demand continues with leaders from across the industry offering commentary indicating significant compute supply shortages. Given NVDA’s position as the dominant supplier of AI accelerators within AI data centers, we remain bullish on shares.”

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.