2 Brilliant Artificial Intelligence (AI) Stocks to Buy Before They Soar 190% and 200%, According to Certain Wall Street Analysts

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Generally speaking, Wall Street views Nvidia (NASDAQ: NVDA) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) as two of the companies best positioned to benefit from artificial intelligence. But select analysts have set the stocks will especially optimistic price targets.

  • I/O Fund analyst Beth Kendig believes Nvidia will achieve a $10 trillion valuation by 2030 as demand for artificial intelligence accelerators increases. That forecast implies about 200% upside from its current market value of $3.3 trillion. It also implies a share price around $405.

  • Trefis analysts believe Alphabet could be a $500 stock by 2030 as its autonomous driving subsidiary Waymo becomes a larger part of the business. That forecast implies about 190% upside from its current share price of $172. It also implies a market value around $6 trillion.

Investors should always consider forecasts with skepticism. But Nvidia and Alphabet are undoubtedly major players in the burgeoning artificial intelligence market, so both stocks warrant further consideration. Here are the important details.

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Nvidia graphics processing units (GPUs) are the gold standard in accelerated computing, a discipline that uses specialized hardware and software to speed up complex data center workloads like artificial intelligence (AI). Nvidia GPUs are not only the fastest accelerators on the market, but also are backed by a more robust suite of software development tools.

Consequently, the company accounts for 98% of data center GPU shipments, and it has more than 80% market share in AI chips. Nvidia has further cemented its leadership in accelerated computing with new hardware products like the Grace CPU and networking solutions. In fact, Nvidia is the market leader in AI networking.

Nvidia reported strong financial results in the second quarter of fiscal 2025 (ended July 2024). Revenue rose 122% to $30 billion and non-GAAP earnings surged 152% to $0.68 per dilute share. In the near term, Nvidia has a major catalyst in the coming launch of its next-generation Blackwell GPU, a chip that is already sold out for 12 months.

Beyond that, Nvidia sees a burgeoning opportunity in humanoid robots and physical AI. To elaborate, whereas generative AI can create text and images, physical AI can understand, navigate, and interact with the physical world. Straits Research estimates the humanoid robot market will increase at 34% annually through 2032, and Nvidia is well positioned to benefit.

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