NVIDIA (NVDA) Retains Leadership in AI Training and Inference, Says Mizuho

NVIDIA Corporation (NASDAQ:NVDA) is one of the Trending AI Stocks on Wall Street’s RadarOn October 21, Mizuho reiterated its rating for the stock as “Outperform,” stating that it’s sticking with the tech giant.

“We see NVDA remaining the leader in the AI training and inference chips for Data Center applications (we estimate > 95% share today), which we believe is growing at ~60% CAGR to > $500B by 2028E.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $215 implies a 20.47% upside; however, the Street-high target of $389 implies an upside of 118.37%.

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.