Nvidia’s (NVDA) Data Center Boom Continues — Analyst Lifts Price Target to $192

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Making Waves on Wall Street. On July 23, Rothschild & Co Redburn’s Timm Schulze‑Melander raised his price target on the stock to $192 from $173, maintaining a “Buy” outlook.

The firm said that earnings visibility is improving. Moreover, AI models’ performance has improved roughly 5% per quarter since May 2023. This has, in turn, incited “huge spending” on Nvidia data‑center compute.

“Nvidia is back to playing offense and recent sovereign investment deals improve earnings visibility. We raise our FY26-28 estimates between 1% and 5% and raise our price target to $192 from $178.”

Nvidia’s (NVDA) Data Center Boom Continues — Analyst Lifts Price Target to $192

A tech entrepreneur in front of a busy data center, inspecting a server bank.

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.

READ NEXT: 10 AI Stocks on Wall Street’s Radar and 10 AI Stocks in the Spotlight Right Now

Disclosure: None.