Nvidia(US:NVDA) Ge Long Hui·2026-01-14 05:26Core Viewpoint - Wolfe Research identifies Nvidia as the most promising AI stock for 2026, replacing Micron in its preferred list, citing Nvidia's relative underperformance as an opportunity for further gains [1] Group 1: Nvidia's Performance and Outlook - Analysts attribute Nvidia's stock underperformance to three main factors: the late launch of the Blackwell architecture, concerns about the sustainability of overall AI spending, and fears of market share erosion from customized AI solutions [1] - Wolfe believes that as Nvidia's product roadmap continues to advance, these concerns are gradually dissipating [1] Group 2: Revenue Projections - Wolfe indicates that Nvidia's recent outlook suggests a potential revenue upside of at least $40 billion compared to market consensus for 2026 [1] - The potential resumption of H200 chip shipments to China could provide additional revenue benefits [1] Group 3: Pricing Power and Competitive Advantage - The firm emphasizes that Nvidia's pricing power is improving, with positive surprises regarding the pricing of Blackwell Ultra and Rubin, which is seen as clear evidence of Nvidia's competitive moat [1]