10 AI Stocks Taking Wall Street by Storm

4. 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 Monday, February 24, was for Nvidia Corporation. Morgan Stanley reiterated the stock as “Overweight”, stating that the firm is standing by Nvidia heading into earnings later this week. According to the firm, the demand for the company’s Hopper chips has become more solid, a positive development considering the situation two months prior.

Initially, there were concerns regarding Hopper’s demand and the challenges with the GB200 form factor but now it seems that Nvidia’s quarterly performance will likely align with expectations. Economic concerns have also been alleviated to an extent now that international customers continue to purchase amid fears regarding potential export controls. Moreover, the complex transition to Blackwell chips is progressing well while significant challenges are being addressed alongside.

 “We continue to think that near-term fundamentals are strong – more so than 60 days ago as we have seen improvements on multiple levels.”