NVIDIA Corporation (NASDAQ:NVDA) is one of the 15 AI Stocks Analysts Are Watching: Microsoft, Nvidia, and More.
On June 23, Bernstein reiterates Nvidia and Broadcom as outperform Bernstein says both stocks are a must-own.
Own both NVDA and AVGO. We get the desire to play the bottlenecks instead, but they won’t ultimately work if these don’t; in the meantime demand shows no signs of slowing, and both stocks screen unreasonably cheap.
Regardless, Nvidia, Micron, and AMD were among the most notable decliners in a tech sector sell-off on Tuesday, June 23, as investors moved away from riskier and high growth stocks following the Federal Reserve’s hawkish inflation message last week. Investors also reassessed AI-led valuations and debt-funded infrastructure spending.
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 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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