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.

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Disclosure: None.