According to the average brokerage recommendation (ABR), one should invest in Nvidia (NVDA). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic.

One analyst made Nvidia’s stock his new top large-cap chip pick, while another likened Nvidia’s position to Apple’s in the early days of the iPhone.

Nvidia stock may be sitting near a record high but Wall Street is getting even more bullish on the stock ahead of the chip maker’s hotly anticipated earnings next week. Nvidia surged to a record close of $148.