Why Analysts Say NVIDIA (NVDA) Will Dominate the Autonomous Car Race

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Buzzing AI Stocks on Wall Street Right NowOn July 1, Bank of America reiterated the stock as “Buy.” The firm believes that Nvidia is a key player in the race to autonomous driving.

“Nvidia is a pioneer in the accelerated compute space who stands to benefit from AV adoption. As the automotive industry shifts towards electrification and automation we expect the need for compute power and AI training models on the car presents an incremental opportunity for Nvidia in AVs.”

Why Analysts Say NVIDIA (NVDA) Will Dominate the Autonomous Car Race

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $175 implies a 13% upside, however, the Street-high target of $250 implies an upside of 61%.

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.