Nvidia (NVDA) Seen Leading AI Race as Analysts Reaffirm Bullish Ratings

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in the Spotlight This WeekOn October 30, JPMorgan reiterated the stock as “Overweight,” stating that Nvidia is a beneficiary of “strong AI server spending.”

“We expect AI-related demand to drive a multi-year runway of growth for NVDA’s datacenter GPU business…”

On the same day, Mizuho raised the firm’s price target on the stock to $235 from $225 and kept an Outperform rating on the shares. The firm believes that Nvidia remains well positioned to “continue leading the AI race.”

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.