Wall Street Bullish on NVIDIA Corporation (NVDA), Amidst New Partnerships

​NVIDIA Corporation (NASDAQ:NVDA) is one of the Good Stocks to Buy According to Analysts. On December 3, NVIDIA Corporation (NASDAQ:NVDA) was reiterated with a Buy rating and a $275 price target by Vivek Arya of Bank of America Securities. Earlier on December 1, Joseph Moore from Morgan Stanley also reiterated a Buy rating on the stock, while also raising the price target from $235 to $250.

​The ratings follow recent partnerships of NVIDIA Corporation (NASDAQ:NVDA) with Mistral AI and Amazon’s AWS, announced on December 2. The company announced its partnership with Mistral AI to accelerate a new family of open models. This comes as Mistral AI announced the Mistral 3 family of open-source multilingual, multimodal models, which is optimized across NVIDIA supercomputing and edge platforms. Management noted that by combining Mistral’s AI with NVIDIA’s GB200 NVL72 systems, companies can easily deploy and scale AI models.

​Moreover, NVIDIA Corporation’s (NASDAQ:NVDA) partnership with AWS revolves around new technology integrations across interconnect technology, cloud infrastructure, open models, and physical AI.

​NVIDIA Corporation (NASDAQ:NVDA) is a full-stack computing infrastructure company that focuses on accelerated computing to solve complex computational problems. The company offers AI data center platforms, GPUs, networking, and autonomous vehicle solutions.

While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x 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.