15 AI News Updates Taking Wall Street By Storm

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1. NVIDIA Corporation (NASDAQ:NVDA

Market Capitalization: $3.6 Trillion 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. On November 14, Oppenheimer analyst Rick Schafer raised the price target on the stock to $175 from $150 and kept an Outperform rating on the shares ahead of quarterly results. The advisory sees upside to Q3 results and Q4 outlook led by sustained CSP/enterprise demand for AI accelerators. Further, Oppenheimer sees meaningful acceleration in Blackwell Q1. Conversations with investors suggest buyside modeling 5-6M GPUs next year. The advisory believes Nvidia is best positioned in AI, benefiting from full-stack AI hardware/software.

While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA Corporation (NASDAQ:NVDA) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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