10 AI News Updates Making Waves on Wall Street

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. One of the biggest analyst calls for Friday, February 21, was for Nvidia Corporation. Morgan Stanley reiterated the stock as “Overweight”, stating that “another pivotal moment for AI” is coming when the company reports earnings next week.

“NVIDIA remains the mainstay for whether AI stocks advance or move lower.”

With the company reporting earnings on February 26, investor sentiment isn’t as ecstatic as the previous year. However, some analyst firms such as Morgan Stanley and Keybanc are still highly optimistic about the stock. A day before the Morgan Stanley rating, KeyBanc raised the firm’s price target on the stock to $190 from $180 and kept an “Overweight” rating on the shares.

The firm said that even though concerns remain regarding constraints associated with the ramp of GB200 NVL servers, the company is still likely to report strong Q4 results.