10 AI Stocks Worth Watching Today

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 February 25, Evercore ISI analyst Mark Lipacis maintained a “Buy” rating on the stock with an associated price target of $190.00. Even though the stock has underperformed compared to the broader market, the stock is still being considered as undervalued. It is being traded at a price-to-earnings ratio that is lower than its historical average, presenting an attractive entry point for investors ahead of the company’s earnings print.

Hyperscaler continue to choose Nvidia as their preferred platform owing to its robust ecosystem, with demand for GPUs outstripping supply. Moreover, since the demand for Nvidia’s current products is robust, the delay in the Blackwell product ramp is not likely to tarnish Nvidia’s market position. In addition, artificial intelligence advancements are expected to drive the adoption of the company’s technology, advocating for its long-term growth prospects.