NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Making Waves on Wall Street. On July 23, Rothschild & Co Redburn’s Timm Schulze‑Melander raised his price target on the stock to $192 from $173, maintaining a “Buy” outlook.
The firm said that earnings visibility is improving. Moreover, AI models’ performance has improved roughly 5% per quarter since May 2023. This has, in turn, incited “huge spending” on Nvidia data‑center compute.
“Nvidia is back to playing offense and recent sovereign investment deals improve earnings visibility. We raise our FY26-28 estimates between 1% and 5% and raise our price target to $192 from $178.”
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 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.
