Mizuho Calls NVIDIA the AI Market Leader

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in Focus on Wall Street. On October 13, Mizuho reiterated Nvidia as Outperform and raised its price target $225 per share from $205.

Mizuho analyst Vijay Rakesh continues to view Nvidia as a leader in the artificial intelligence market, with the firm forecasting more than $300 billion in AI data center revenue by 2028.

According to Rakesh, “Neocloud budgets” are “increasingly strained by Rubin/Instinct pricing as customers sharpen focus on ROI,” which signifies competitive pricing pressures in the market.

“We also see Neocloud budgets increasingly strained by Rubin/Instinct pricing as customers sharpen focus on ROI. We continue to see AVGO, NVDA best-positioned while AMD’s OAI deal suggest upside potential. Raising AMD Estimates, PT to $275; Raising NVDA PT to $225. We continue to see NVDA the AI leader with ~$300B+ 2028 AI DC revenue.”

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 risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame.

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