NVIDIA Corporation (NASDAQ:NVDA) is one of the Hot AI Stocks on Wall Street’s Radar. On August 7, Goldman Sachs analyst James Schneider reiterated a Buy rating on the stock with a $200.00 price target ahead of its quarterly results. The firm is bullish on the stock, expecting it to deliver a clean beat-and-raise quarter.
It believes that any potential upside could be due to a company update on revenue in China or even its gross margin outlook.
“Key stock takeaways: We expect investors to focus on the underlying Blackwell ramp and gross margin implications in 2H, plus the pending China ramp. We believe investor expectations are high heading into the quarter given a strong Blackwell ramp and upside to hyperscaler CapEx reports. We expect Nvidia to deliver a clean beat-and-raise quarter, with the stock reaction likely hinging on the level of upside to guidance and impact from China (if any) – and we increase our estimates.”
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.
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