Wall Street Remains Bullish on NVIDIA Corporation (NVDA)

​NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Quality Stocks to Buy Before 2026. Wall Street remains bullish on NVIDIA Corporation (NASDAQ:NVDA) despite the ongoing challenges stemming from increased competition in the AI chip sector and uncertainty regarding exporting to China amidst the geopolitical challenges.

​Amidst this situation, Wall Street’s 12 month average price target on the stock represents more than 38% upside from the current level. A recent December 21 report by CNBC highlighted recent analysts’ ratings explaining the Street’s optimism.

​The report noted Bernstein’s analyst Stacy Rasgon’s December 19 rating. The analyst maintained a Buy rating on the stock with a $275 price target. Rasgon maintained his bullish sentiment after a virtual meeting with Stewart Stecker, senior director of investor relations at Nvidia. The analyst noted that the company’s $500 billion outlook released in October is expected to see further upside, driven by new recent deals with Anthropic, OpenAI, and the collaboration with the Middle East.

​Moreover, the talk with Stewart Stecker highlighted that NVIDIA Corporation (NASDAQ:NVDA) acknowledges that Google is at least two years ahead of the company due to its TPU program. However, the senior director of investor relations at Nvidia noted that Google will find it difficult to deploy these chips as they are designed for specific model structures. Therefore, Nvidia’s programmable platform solutions remain the best for cloud infrastructure.

​In addition, on December 14, Blayne Curtis from Jefferies also reiterated a Buy rating on the stock with a $250 price target.

​NVIDIA Corporation (NASDAQ:NVDA) highlighted that Nemotron 3 Nano is capable of delivering 4x higher throughput than Nemotron 2 Nano. Also, it delivers the most tokens per second for multi-agent systems at scale through the breakthrough hybrid mixture-of-experts architecture.

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.