Analyst Sees NVIDIA (NVDA) Momentum Building Into Key Catalysts

NVIDIA Corporation (NASDAQ:NVDA) is 1 of the AI stocks presently connected Wall Street’s radar.

Nvidia is gaining Wall Street momentum aft UBS reaffirmed its bullish stance connected the AI chipmaker. On February 11, UBS expert Timothy Arcuri raised the terms people connected NVIDIA Corporation (NASDAQ:NVDA) to $245.00 (from $235.00) portion maintaining a Buy.

A affirmative net setup, bullish proviso concatenation signals, and rising absorption into GTC were highlighted arsenic important catalysts for the stock.

“Given middling banal performance, proviso concatenation signals that stay bullish, and a absorption squad that seems frustrated with the prevailing doubts astir maturation and borderline sustainability, the net set-up present seems affirmative – particularly arsenic we caput toward GTC adjacent month.”

The institution anticipates fiscal fourth-quarter gross to scope astir $67.5 billion, astir $2.5 cardinal supra the company’s guidance. While China request remains uncertain, based connected expanding adoption of home GPUs, the steadfast believes that Nvidia could inactive spot incremental gross from the region.

Looking ahead, it models fiscal Q1 gross adjacent $76 billion, which is somewhat supra capitalist expectations of $74-75 billion.

Nvidia is expected to support its 75% gross borderline guidance, adjacent though investors person begun to question astir borderline sustainability owed to perceived competitory threats from Google/Broadcom TPU.

“investors person begun to question the sustainability of these levels fixed perceived threats from Google/AVGO TPU – a statement NVDA volition surely code connected this telephone and astatine GTC (especially successful the discourse of the Groq deal).”

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

While we admit the imaginable of NVDA arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.