10 AI News Making Waves on Wall Street

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 193

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven technologies, offering platforms for data centers, self-driving cars, robotics, and cloud computing.

On January 21, UBS noted that Nvidia (NASDAQ:NVDA) has shown little movement since its last earnings report, partly due to supply chain concerns and uncertainty surrounding Blackwell server rack production. Despite these issues, UBS has a Buy rating and a $185 price target and is confident that Nvidia will report strong Q4 results and Q1 guidance, and sees worries about a potential Blackwell slowdown as exaggerated.

Analyst Timothy Arcuri stated that Blackwell chipset and compute board yields have improved, with revenue for Blackwell expected to reach approximately $9 billion in January, up from a prior estimate of $5 billion. Supply chain capacity could support up to $14 billion, though Hopper revenue is anticipated to decline in January. UBS maintained its forecast of $42 billion in revenue for FQ4 2024, including $38 billion from the Data Center segment, and $47 billion for FQ1 2025.