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Nvidia Corp (NASDAQ:NVDA) has been a top performer on Wall Street, with analysts optimistic about its role in AI. Trading at 37x NTM PE, there may be untapped upside potential for the stock.
Shares of Nvidia Corp (NASDAQ: NVDA) slipped in early trading on Wednesday,
Nvidia's AI prowess is likely to lift the stock by about 68% as demand for its high-performance GPU continues to be strong, says an analyst at KeyBanc.
Nvidia's Q2 strength largely was due to outstanding performance of Data Center business and the trend is likely to continue, says KeyBanc's John Vinh.
Nvidia will likely a beat-and-raise second quarter and the recent weakness provides an good entry point, says Morgan Stanley.