NVIDIA Corporation (NASDAQ:NVDA) yes One of the Best Augmented Reality Stocks to Buy Right Now. On November 25, Bank of America reiterated its positive outlook on NVIDIA Corporation (NASDAQ: NVDA ) despite the company facing fierce competition in the artificial intelligence chip market.
Bank of America insists Nvidia is a buy even as Google unsettles the industry with its growing influence in the artificial intelligence chip market with its tensor processing units. The investment bank expects the semiconductor giant’s sales and earnings per share to grow more than 40%, while it trades at about 25 times market earnings.
Analysts at Mizuho had a similar view. The report states that Nvidia will remain the market leader through 2026 with its Blackwell series and is well-positioned to benefit from strong demand from cloud providers, enterprise and government buyers.
NVIDIA (Nasdaq: NVDA) is an AR enabler, providing AI processors, GPUs and platforms that drive AR and VR experiences. Its Omniverse lets creators build 3D worlds for AR, while CloudRX wirelessly delivers AR and VR content over Wi-Fi and 5G. NVIDIA is also bringing AR into automotive applications through its Drive technology and provides software such as Maxine for facial tracking and 3D reconstruction. While its technology is at the core of modern augmented reality systems, the company’s broader focus on data center artificial intelligence, gaming, automotive and robotics means augmented reality is just one part of its larger business.
While we acknowledge NVDA’s potential as an investment, we believe certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that would also benefit greatly from Trump-era tariffs and homegrown trends, see our free report on AI stocks Best Short-Term Artificial Intelligence Stocks.
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Disclosure: None. This article was originally published on Insider Monkey.