10 AI Stocks Making Big Moves Today

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 Tuesday, March 4^th, was for Nvidia Corporation. Bernstein reiterated the stock as “Outperform” and a $185.00 price. The firm stated that the selloff in Nvidia shares is overdone and that the stock is “so back”.

“Nevertheless, worries that the AI trade is ‘over’ feel a little premature to us, and valuation is getting increasingly attractive.”

The firm considers Nvidia’s derating to be a “little stunning” considering how Blackwell product revenues of $11 billion all shipped in January, reflecting easing supply constraints and an anticipation that demand will exceed supply in the coming quarters.

Also, “it is becoming increasingly clear that DeepSeek is not doomsday for AI demand.”

The firm has highlighted how multiple catalysts remain in favor of the stock, including rising spending intentions, the beginning of a new product cycle, and the upcoming GTC event, which is Nvidia’s GPU Technology Conference, an AI conference for researchers, developers, engineers and investors.

“It is clear that the Blackwell introduction has not gone as smoothly as the company might have hoped, and there remains added volatility given how laser-focused investors are on this supply chain. However, it does seem they have worked through things.”

A potential headwind to keep a lookout for is how strict President Donald Trump’s export restrictions on China will ultimately prove.

“For what it is worth, every ~$10B would account for ~25 cents in NVDA EPS; a full China datacenter ban would likely impact EPS ($5-6 baseline?) by mid to high single digits, with the stock already pulling back by much more than that.”