#1 - NVIDIA (NASDAQ:NVDA)
If you’re looking for robotics stocks that will get a boost from AI, you can start with NVIDIA Corp. (NASDAQ: NVDA). Simply put, companies will need computing power to generate AI applications, and NVIDIA has built a sizable first-mover advantage.
However, NVIDIA is more than a picks-and-shovels play on robotics and AI. The company also offers its own AI robot development platform, NVIDIA Isaac, which consists of proprietary libraries, application frameworks, and AI models that can be used to “accelerate the development of AI robots such as autonomous mobile robots (AMRs), arms and manipulators, and humanoids.”
That’s a significant reason NVIDIA is investing in companies like Serve Robotics and why, despite concerns about potential future tariffs on semiconductor chips, NVDA stock continues to be a compelling long-term buy. The NVIDIA analyst forecasts on MarketBeat show that six analysts have increased their price targets on the stock, with KeyCorp offering the most bullish price target of $180.
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Read More - Current Price
- $140.43
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 40 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $152.40 (8.5% Upside)
