Is Nvidia (NVDA) One of the AI Stocks on the Market’s Radar?

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks on the Market’s Radar. On October 10, UBS analyst Timothy Arcuri reiterated a Buy rating on the stock with a $205.00 price target. Analysts at the firm believe Taiwan export data to be largely in-line with Nvidia’s data center growth trends.

“The Taiwan Ministry of Finance released September export data overnight, including Automatic Data Processing Equipment (ADP). ADP ex laptops was $14.07B, -16.03% M/ M from August’s $16.80B, coming in well below seasonal (-2.5% M/ M) and marking it the second consecutive below-seasonal September after being up 29% M/M in August.”

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.