Continuing Nvidia’s (NVDA) Data Center Boom – Analysts Raise Price Target to $192

Nvidia Corporation (NASDAQ:NVDA) is one of AI stocks wave making stock on Wall Street. On July 23, Timm Schulze -Melander of Rothschild & Co Redburn raised its stock price target from $173 to $192, maintaining its “buy” outlook.

The company said it has increased revenue visibility. Additionally, the performance of the AI model has improved by about 5% per quarter since May 2023. This incited “huge spending” on NVIDIA Data-Center Computers.

“Nvidia is back in the attack, and recent sovereign investment transactions will improve revenue visibility. We will raise our 26-28 estimate from 1% to 5%, and our price target from $178 to $192.”

NVIDIA Corporation (NASDAQ: NVDA) specializes in AI-driven solutions, offering high-performance GPUs and a platform that powers data centers, autonomous vehicles, robotics and cloud services.

Although we acknowledge the potential of NVDA investments, we believe certain AI stocks offer greater promotion opportunities and pose a risk of decline. If you’re looking for a highly undervalued AI stock that can make a significant profit from the tariff and supervision trends of the Trump era, check out our free report. Best Short-Term AI Stocks.

Read next: 10 AI stocks on Wall Street radar and 10 AIs in the spotlight now.

Disclosure: None.