NVIDIA Corporation (NASDAQ:NVDA) completed a $5 billion purchase of shares from Intel on December 29, causing NVDA shares to drop in premarket trading. This strategic investment follows a September announcement and includes joint chip development for PCs and data centers. Analysts like Mizuho Securities reaffirm a Buy rating with a $245 price target, implying a 30.17% upside.

Nvidia CEO Jensen Huang praised the collaboration with Intel, highlighting the fusion of AI and accelerated computing with CPUs and the x86 ecosystem. Analysts predict a 32.82% median upside for NVDA shares based on 69 analysts covering the stock on Wall Street. While NVDA offers investment potential, some AI stocks may have greater upside potential and less downside risk.

NVIDIA Corporation (NASDAQ:NVDA) is a computing infrastructure company offering graphics and computing & networking solutions globally. Investors interested in AI stocks can explore opportunities beyond NVDA, including undervalued options that may benefit from tariffs and onshoring trends. Learn more about potential AI investments in a free report.

Read more at Yahoo Finance: Nvidia’s (NVDA) Investment in Intel Supports Its 2026 Bull Thesis