NVIDIA (NVDA) is a top AI stock being closely watched by analysts. Morgan Stanley reiterated an “Overweight” rating, with an average price target of $180 implying a 4.7% upside. The recent approval for AI exports to China is seen as beneficial for NVDA and other AI stocks.
NVIDIA specializes in AI-driven solutions for various industries. While NVDA shows potential, some analysts believe other AI stocks offer greater upside potential. Investors looking for undervalued AI stocks should consider options that benefit from current trade trends.
Nvidia has limited supplies of H20 chips for Chinese customers due to export control restrictions. The ban on exporting H20 chips to China was recently reversed, leading to increased demand. Analysts foresee long-term upside potential for NVDA and other AI stocks with the green light for exports to China.
Read more at Yahoo Finance: NVIDIA (NVDA) Analysts See Long-Term Upside as AI Exports to China Get Green Light