NVIDIA Corporation (NASDAQ: NVDA) was upgraded to Buy by HSBC analyst Frank Lee, with a target price raised to $320 per share. The firm sees a growing AI GPU total addressable market driving earnings growth. Deals with OpenAI and Stargate are expected to expand the market, with a potential recovery in China as a tailwind.

Analysts predict a significant rebound in CoWoS wafer allocation momentum for Nvidia, with an aggressive fiscal 2027 estimate for CoWoS wafer forecasts at TSM driving datacenter revenue growth. The firm believes in the rapidly expanding AI GPU market and raised Nvidia’s fiscal 2027 estimate for Chip on Wafer on Substrate allocation.

NVIDIA Corporation (NASDAQ: NVDA) specializes in AI-driven solutions for data centers, self-driving cars, and robotics. While NVDA shows promise as an investment, there are AI stocks with greater upside potential and less downside risk. For a report on an undervalued AI stock benefiting from current trends, visit the link provided.

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Read more at Yahoo Finance: NVIDIA’s (NVDA) AI GPU Market to Keep Expanding Beyond Hyperscalers