10 AI Stocks On Wall Street’s Radar

3. 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 13, was for Nvidia Corporation. Jefferies reiterated the stock as “Buy”, stating that the firm is bullish ahead of the company’s artificial intelligence conference next week. It also believes that the company is well positioned for CPO [co-packaged optics], which is a data transmission technology used in AI.

“NVDA – Remains Kingmaker; Quickly Becoming a Leader in CPO: Nvidia’s position as a full system provider serves as considerable strategic advantage during periods of technological transitions.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $175 implies a 51% upside, however, the Street-high target of $236 implies an upside of 104%.