Nvidia (NVDA) stock traded 2% higher today as analysts reassured investors of the company’s lead in the artificial intelligence (AI) sector, even after reports that Meta Platforms (META) is exploring a multibillion-dollar deal for Alphabet’s (GOOGL) custom AI chips. Particularly, Wedbush analyst Dan Ives reiterated his bullish stance on NVDA stock, calling the chipmaker the “indisputable Rocky Balboa champion” of the AI revolution.
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Similarly, Bank of America analyst Vivek Arya maintained a Buy rating on NVDA stock. He expects the company to maintain its leadership with roughly 75% market share and considers the stock undervalued given its strong growth potential.
The analysts’ comments followed a 3% dip in Nvidia stock yesterday after reports that Meta may use Google’s Tensor Processing Units (TPUs) in its data centers, potentially reducing reliance on Nvidia GPUs. The news raised concerns that Google’s silicon could challenge Nvidia’s dominance in AI hardware.
Wedbush Analyst Reaffirms Nvidia’s Leadership
Ives noted that while Google’s push into AI chips is notable, Nvidia’s ecosystem, scale, and ability to deliver high-performance solutions keep it firmly ahead of rivals.
Further, he said, “The AI Revolution starts and ends with Nvidia today, and that is not changing anytime soon on the chip front.”
He believes Nvidia remains the cornerstone of the AI supply chain. Also, Ives views Google’s entry as part of a broader competitive landscape rather than a direct threat to Nvidia’s leadership. Moreover, he continues to list Nvidia among his “must-own” tech stocks heading into 2026.
Is NVDA a Strong Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 39 Buys, one Hold, and one Sell assigned in the past three months. Further, the average Nvidia price target of $257.26 per share implies 42.38% upside potential.
