NVIDIA (NVDA)’s Latest AI GPUs Sustain Analyst Optimism

We recently published 10 Best Strong Buy AI Stocks to Invest In.  NVIDIA Corporation (NASDAQ:NVDA)  is one of the best consumer cyclical stocks.

NVIDIA Corporation (NASDAQ:NVDA) is the firm that is at the center of the AI wave that’s taken Wall Street by storm. This is because the firm’s GPUs are the latest and most advanced products for computing AI workloads. Consequently, it is the most valuable company in the world.

After NVIDIA Corporation (NASDAQ:NVDA) reported its fiscal third quarter earnings on November 19th, analysts came into action and started issuing their reports. One such report came from Keybanc. It raised NVIDIA Corporation (NASDAQ:NVDA)’s share price target to $275 from $250 and kept an Overweight rating on the stock. At the heart of Keybanc’s upgrade was NVIDIA’s pipeline for its Blackwell and Rubin AI GPUs. The Blackwell GPUs are the latest products currently shipping in the market, while the Rubin is NVIDIA Corporation (NASDAQ:NVDA)’s next-generation platform announced earlier this year. Keybanc believes that the firm’s $500 billion revenue pipeline for these products in 2026 and 2027 merited a price target increase.

NVIDIA (NVDA)'s Latest AI GPUs Sustain Analyst Optimism

Speaking of hedge funds, 234 had disclosed holding NVIDIA Corporation (NASDAQ:NVDA) in their 13F filings tracked by Insider Monkey. A notable stake was of Millennium Management as it indicated a 127% increase.

In an appearance on Schwab Network on November 27th, Wedbush’s Dan Ives discussed NVIDIA Corporation (NASDAQ:NVDA) with Nicole Petallides of The Watch List. He outlined that “demand to supply is 12 to 1 for NVIDIA’s chips. Meta can’t get enough of these NVIDIA chips, there’s 30-40% they can maybe get.” He added that “at the end of the day, it’s NVIDIA world, everyone else is paying rent when it comes to the AI revolution.”

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. This article is originally published at Insider Monkey.