NVIDIA Corporation (NASDAQ:NVDA) is gaining momentum on Wall Street as UBS reiterates its bullish stance, raising the price target to $245.00. Positive earnings setup, bullish supply chain signals, and focus on GTC are seen as significant catalysts for the stock. Fiscal Q4 revenue is expected to reach $67.5 billion, with China demand uncertain but potential for incremental revenue.

Analysts expect NVIDIA to maintain its 75% gross margin guidance despite concerns about sustainability due to perceived competition. The company specializes in AI-driven solutions for data centers, self-driving cars, robotics, and cloud services. While NVDA offers investment potential, there are other AI stocks with greater upside and less downside risk according to analysts.

Investors are questioning the sustainability of NVIDIA’s margin levels amidst competition from Google and Broadcom TPU. The company’s focus on addressing these concerns at its upcoming call and GTC event is crucial. NVIDIA is known for its AI-driven solutions in various sectors and markets. For those seeking AI investment opportunities, there are other stocks with potential for significant growth and benefit from current economic trends.

Read more at Yahoo Finance: Analyst Sees NVIDIA (NVDA) Momentum Building Into Key Catalysts