NVIDIA (NVDA) Remains a Top Pick for Gen AI, Says KeyBanc

NVIDIA Corporation (NASDAQ:NVDA) is one of the Hot AI Stocks to Keep on Your RadarOn September 9, KeyBanc reiterated the stock as “Overweight” stating that it remains bullish on the stock.

“From a stock perspective, we recommend positioning in stocks indexed to gen AI and/or are further through the destocking process and thus favor NVDA and AVGO.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $211 implies a 25.18% upside; however, the Street-high target of $389 implies an upside of 131%.

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.