10 AI Stocks Investors Are Watching Closely Right Now

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 on March 7 was for Nvidia Corporation. UBS reiterated the stock as a “Buy”, stating that it is standing by the stock ahead of its AI [GTC] Conference later this month.

“The UBS Tech Team remains positive longer term on AI drivers, but investors are currently less assured than they were through the past two years. We await confirmation catalysts (Nvidia GTC 18 March, Computex 20 May) to possibly support sentiment.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $175 implies a 58% upside, however, the Street-high target of $236 implies an upside of 113%.