10 AI Stocks to Keep on Your 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. On March 14, Mizuho analyst Vijay Rakesh lowered the firm’s price target on the stock to $168 from $175 and kept an “Outperform” rating on the shares. The firm’s decision comes after a shift in expectations due to falling stock valuations in the artificial intelligence sector. Investors are worrying about slowing growth rates, and even though there have been no changes to NVIDIA’s earnings estimates, the price target adjustment reflects a response to the broader market dynamics impacting companies in the AI industry. Nvidia is likely to retain its competitive edge with the upcoming introduction of Blackwell, its next-generation GPU architecture, reinforcing its leadership in the AI and computing sectors.

“For NVDA, no change to NVDA estimates and reiterate our Outperform, but lower PT to $168, 31.1x our F27E P/E, as we pull in our PT with multiple compression in the AI space overall due to fears of slowing growth…”