NVIDIA Corporation (NVDA) Gains After CEO Signals Long AI In…

NVIDIA Corporation (NASDAQ:NVDA) is among the most profitable mega cap stocks to buy. Since NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang’s appearance on CNBC’s “Halftime Report” on February 6, the stock has appreciated by nearly 11%. Huang believes the tech industry’s rising capex for AI infrastructure is both “appropriate” and “necessary” amid the industry’s “once in a generation infrastructure buildout.”

Huang further said that AI buildout has “seven to eight years to go” and highlighted that “AI is going to fundamentally change how we compute everything.”

″The reason for that is because all of these companies’ cash flows are going to start rising,” he added.

The day before, Goldman Sachs reaffirmed its Buy rating and $250 price target on NVIDIA Corporation (NASDAQ:NVDA). Consistent with the consensus estimate, the firm’s target implies an upside potential of 31.55% from the current price.

According to the bank, NVIDIA Corporation (NASDAQ:NVDA) will report a beat-and-raise quarter, thanks to favorable industry supply and demand indicators. From rising confidence in demand from non-traditional customers to sustained positive revisions to hyperscaler capex pushing into 2027, Goldman Sachs identified several growth drivers for the chipmaker.

NVIDIA Corporation (NASDAQ:NVDA) is a California-based computing infrastructure company that offers graphics, compute, and networking solutions. Incorporated in 1993, the company operates through two segments: Compute & Networking and Graphics.

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