NVIDIA Corporation (NASDAQ:NVDA) is one of the 15 AI Stocks Analysts Are Watching: Microsoft, Nvidia, and More.
On June 23, Bernstein reiterates Nvidia and Broadcom as outperform Bernstein says both stocks are a must-own
Own both NVDA and AVGO. We get the desire to play the bottlenecks instead, but they won’t ultimately work if these don’t; in the meantime demand shows no signs of slowing, and both stocks screen unreasonably cheap. Regardless, Nvidia, Micron, and AMD were among the most notable decliners in a tech sector sell-off on Tuesday, June 23, as investors moved away from riskier and high growth stocks following the Federal Reserve’s hawkish inflation message last week.
Investors also reassessed AI-led valuations and debt-funded infrastructure spending. NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. While we acknowledge the potential of NVDA an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.