NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Semiconductor Stocks to Invest In Now. On March 17, Joshua Buchalter, an analyst from TD Cowen, maintained a “Buy” rating on the company’s stock, and the associated price target was $235.00. The analyst’s rating is backed by factors focusing on NVIDIA Corporation (NASDAQ:NVDA)’s strengthened fundamentals.

While NVIDIA Corporation (NASDAQ:NVDA)’s stock price moved sideways, the analyst opines that, over the past 6 months, its earnings power, underlying business performance, as well as future visibility have strengthened further. The analyst noted that this disconnect should be considered as an opportunity for the investors. After the broader market factors in the improved outlook and healthier fundamentals, NVIDIA Corporation (NASDAQ:NVDA)’s stock can see a breakout from its current trading band.

In a separate release, Bloomberg reported that NVIDIA Corporation (NASDAQ:NVDA)’s CEO unveiled several new products, with the Chief also highlighting that its flagship AI processors are expected to garner sales of $1 trillion through 2027.

NVIDIA Corporation (NASDAQ:NVDA) is the largest AI GPU manufacturer in the world. It also supplies consumer and data center chips.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.