NVIDIA (NVDA) Stock Backed by Wells Fargo Amid Expanding AI Opportunities

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks In The Spotlight For InvestorsOn September 10, Wells Fargo reiterated the stock as “Overweight” stating that the bank is sticking with the stock after it displayed its latest graphic processing unit chip at an AI conference.

“Our Overweight rating is based on our positive stance on NVIDIA’s competitive positioning in gaming GPUs and expanding growth opportunities in data center, HPC [high performance computing], and emerging / expanding AI opportunities (autonomous vehicles, healthcare, robotics, etc.).”

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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.