Nvidia Corp. (NASDAQ:NVDA) is considered one of the most profitable tech stocks to invest in now. TD Cowen’s Joshua Buchalter reiterated a Buy rating and raised the price target from $175 to $235, indicating nearly 30% upside. Nvidia is set to release its fiscal Q2 results on August 27.

Buchalter highlighted Nvidia’s strong fundamentals and transition to Blackwell Ultra architectures critical for AI and high-performance computing. He noted that Nvidia’s valuation relative to peers is favorable, trading at a discount to Broadcom. Consensus expects Q2 adjusted EPS of $1.0 on $45.8 billion in revenue.

Nvidia designs GPUs, SoCs, and AI hardware and software. Despite its investment potential, other AI stocks may offer greater upside with less downside risk. For those seeking undervalued AI stocks, a free report on the best short-term AI stock is available. Check out 15 Best Data Center Stocks to Buy Now and 11 Deep Value Stocks to Buy According to Analysts.

Read more at Yahoo Finance: TD Cowen Maintains Buy on Nvidia (NVDA), Expects Strong Q2 Despite Uncertainty