Nvidia (NVDA): Why Wall Street Remains Bullish on AI Chip Leader

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in the Spotlight TodayOn July 14, KeyBanc reiterated the stock as “Overweight”. The firm said it’s bullish on Nvidia’s Blackwell chip.

“The continued ramp of Blackwell and the initial ramp of Blackwell Ultra with higher ASPs [average selling price] should support continued upward estimate revisions.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $175 implies a 6% upside, however, the Street-high target of $250 implies an upside of 52%.

Nvidia (NVDA): Why Wall Street Remains Bullish on AI Chip Leader

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, providing high-performance GPUs and platforms that power data centers, autonomous vehicles, 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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