10 AI Stocks on Wall Street’s Radar 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. On February 26, Nvidia Corporation reported strong earnings and guidance for its latest quarter. Nevertheless, one Wall Street analyst ended up downgrading the stock amid concerns about DeepSeek. Summit Insights Group analyst KinNgai Chan downgraded the stock to “Hold” from Buy, citing concerns about less computing power needed for developing large language models and artificial intelligence (AI) applications.

“We believe risk-reward is no longer favorable for the stock due to persistent high whispers numbers and rumor of entry into the PC Client MPU market (referring to memory protection units). While we think the datacenter capex growth for the training market will continue to benefit NVDA, we believe the lower computing power requirement for inference while not evident today, will undoubtably have a negative impact to NVDA’s financial performance in the medium- to longer-term”.