Auto Draft

NVIDIA Corporation (NASDAQ:NVDA) is a Must-Watch AI Stock on Wall Street. On July 11, Wedbush reiterated the stock as “Outperform”. The firm said its checks show high demand for Nvidia products.

“We saw demand for both NVDA GPUs [graphics processing unit] and AI accelerators lifting.”

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%.

In other news, Nvidia CEO Jensen Huang will be holding a media briefing in Beijing on July 16. The meeting marks his second visit to the country after his trip in April, where he highlighted the importance of the Chinese market.

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 Trending AI Stocks on News and Ratings and 10 Trending AI Stocks on Wall Street.

Disclosure: None.