Bernstein: NVIDIA Remains a Must-Have in Portfolios Despite Tech Sell-Off

Bernstein analysts continue to view NVIDIA (NVDA) as a must-have stock in portfolios despite the recent selling pressure on technology shares. The firm maintains its positive outlook on NVIDIA due to its strong position and growth potential in the artificial intelligence space. Analysts expect a significant increase in NVIDIA's revenue driven by rising demand for its AI chips. The company's leadership in the data center segment and new product launches are cited as supporting this growth. Bernstein believes NVIDIA's current market valuation reflects the company's future earnings potential and presents an attractive opportunity for investors. It emphasizes that the broader sell-off in the technology sector is temporary and does not undermine NVIDIA's long-term growth story. The firm maintains an 'Buy' rating on NVIDIA shares with a price target of $175, implying approximately 20% upside from current levels. This is not investment advice.