Wall Street Turns Bullish on NVIDIA (NVDA) as AI Compute Drives Growth

Core Viewpoint - NVIDIA Corporation (NASDAQ:NVDA) is experiencing increased bullish sentiment due to anticipated growth in AI compute demand, leading to an upgrade from "Neutral" to "Buy" with a new price target of $210, up from $195 [1][2]. Group 1: Investment Sentiment - D.A. Davidson upgraded NVIDIA's stock, indicating a more optimistic outlook on its growth potential driven by AI demand [1][2]. - The firm believes that the growth in AI compute demand will sustain NVIDIA's growth into next year and likely beyond, despite existing concerns [2]. Group 2: Company Overview - NVIDIA specializes in AI-driven solutions, providing platforms for data centers, self-driving cars, robotics, and cloud services [2]. Group 3: Market Context - The report suggests that while NVIDIA is a strong investment, there are other AI stocks that may offer greater upside potential with less downside risk [3].