NVIDIA Corporation (NASDAQ:NVDA) was highlighted as one of the top AI stocks on Wall Street. UBS reiterated a “Buy” rating ahead of the Consumer Electronics Show where Nvidia will showcase its latest technology. Mizuho also expressed bullish sentiment on the stock, citing potential upside due to CES news.

CEO Jensen Huang revealed new details about Nvidia’s next-generation chips set to launch later this year. The Vera Rubin platform, a six-chip AI platform, is expected to debut, boasting 72 graphics units and 36 new central processors. Nvidia also unveiled Alpamayo, an open reasoning model for autonomous vehicle development, and highlighted new partnerships.

Nvidia specializes in AI-driven solutions for data centers, self-driving cars, robotics, and cloud services. Despite its potential as an investment, some AI stocks may offer greater upside potential with less downside risk. Investors looking for undervalued AI stocks can explore other options for potential growth opportunities.

CES, the annual consumer technology conference in Las Vegas, is a key event for Nvidia and other semiconductor companies. Analysts anticipate positive newsflow and keynote addresses from the event, signaling potential bullish sentiment that could drive semiconductor stocks higher. Investors and managers are closely watching developments in the industry.

Read more at Yahoo Finance: Analysts See Upside for NVIDIA (NVDA) as CES Highlights AI Momentum