10 Tech Stocks to Monitor Amid Market Volatility According to Bernstein Analyst

1.  NVIDIA Corporation (NASDAQ:NVDA) 

Number of Hedge Fund Holders: 179 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. Bernstein analyst Stacy Rasgon recently appeared on CNBC to highlight his bullish views on the AI revolution, naming NVIDIA as the top pick in the sector with lots of room to run even with recent worries about capex and ROI, simply because demand remained high. He noted that the company had enormous potential in the AI data center space. He added that the depth in enterprise AI adoption was encouraging, even though it was moving at a pace that was slower than expected. He underlined how large customers comprised more than 40% of the overall revenue of NVIDIA, even as it developed a larger customer base.

Investment advisory Bernstein has an Outperform rating on NVIDIA Corporation (NASDAQ:NVDA) stock with a price target of $130. In a recent investor note, the advisory said it was not panicking yet as media reports suggested a three month delay to the Blackwell roadmap by NVIDIA. Analysts at the advisory suggested that at a minimum, despite recent worries over AI ROI, it remained clear that demand levels were continuing to rise and NVIDIA had other products to sell in the meantime to help backfill.

While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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