10 AI Stocks Dominating the News This Week

5. 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 most notable analyst calls on Thursday, March 28, was for Nvidia Corporation. Bank of America reiterated the stock as “Buy”, stating that its shares are “compelling.” The firm, which has a price target of $200 a share, is optimistic on the stock despite the US government’s “AI Diffusion Rules” introduced to control the distribution of AI chips outside a core group of countries.

“Once the geopolitical concerns are sized and priced, we expect NVDA to recover, much like the relative recovery we have seen in semicap stocks this year once China exposure was reflected in wafer fab equipment spending…Meanwhile, we believe the stock is providing a particularly attractive opportunity for one of the most unique, high-quality tech franchises leading the largest and fastest growing secular trends.”