NVIDIA Corporation (NASDAQ:NVDA) is one of the AI stocks on the market radar. On Dec. 19, Tigress Financial raised the company’s price target on the stock to $350 from $280 and maintained a “Strong Buy” rating.
One company analyst calls Nvidia the “first investment in AI,” citing multi-year secular growth and significant bullish optionality. The stock is on the company’s Research Focus List and its Focus Opportunities Portfolio.
Tigress Financial is particularly bullish on NVDA due to its leadership in data center computing and the acceleration of AI adoption in high-growth verticals such as autonomous driving and healthcare.
The AI chipmaker’s continued streak of record quarterly results underscores its leadership role as a “core AI engine driving the development of global AI infrastructure.”
“NVDA’s acceleration of AI flywheel is driven by its continued cadence of GPU innovation, which will continue to drive accelerating business performance trends highlighted by multi-year secular growth, exceptional profitability and free cash flow generation, as well as significant upside optionality as AI adoption deepens across the global economy.”
An underrated growth driver that is slowly finding its way as a long-standing investment in AI infrastructure is the company’s healthcare franchise, the firm further noted.
“NVDA is well positioned as an AI infrastructure winner in a multi-hundred billion dollar market opportunity. NVDA’s strong balance sheet and cash flow fund balanced capital allocation strategy, supporting accelerated growth and shareholder value.”
NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-powered solutions and provides platforms for data centers, autonomous vehicles, robotics and cloud services.
While we recognize NVDA’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None.