NVIDIA Corporation (NVDA) is a top holding for billionaire Clifford Asness, accounting for 2.62% of his portfolio. Analysts are bullish on NVDA, with a consensus price target of $250.00, implying over 36% upside potential. Expectations for NVDA’s revenue are high, with UBS projecting $67.5 billion for the fiscal fourth quarter.

For the first quarter of next year, NVDA is expected to generate $76 billion, with broader expectations ranging from $74 to $75 billion. Analysts anticipate a beat-and-raise quarter for NVDA, driven by supply-and-demand indicators. CEO Jensen Huang’s remarks on AI capital spending led to a 7.9% increase in NVDA shares.

NVDA creates GPUs and compute-networking platforms for various industries. While NVDA is seen as a strong investment, some AI stocks offer greater potential with less risk. For more information on undervalued AI stocks, check out a free report on the best short-term AI stock.

Read more at Yahoo Finance: Is NVIDIA (NVDA) Clifford Asness’ Top Pick?