1 Nvidia-Backed AI Stock to Buy Before It Soars 35%, According to a Wall Street Analyst

Nvidia (NASDAQ: NVDA) has become a famous artificial intelligence (AI) player over the past few years, selling the most sought-after AI chips on the market. And that's resulted in soaring earnings and a stock price that's followed. But Nvidia isn't only involved in selling AI products and services. The company, like you and me, also is investing in stocks that could benefit from the AI revolution.Yes, Nvidia is an investor too. The company's $4.3 billion investment portfolio includes six stocks involved in AI -- and one of them stands out as a huge conviction as it represents 91% of this portfolio. Nvidia owns 24,277,573 shares of the company, which equals a market value of more than $3.9 billion. And Nvidia isn't alone in its optimism about this AI player's future. This stock may soar 35% over the coming 12 months, according to one Wall Street analyst. Let's take a look at this Nvidia-backed AI stock to buy before it does.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool