12 AI Stocks on Wall Street’s Radar 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 March 11, Wells Fargo analyst Aaron Rakes said that the sharp decline in Nvidia (NASDAQ:NVDA) shares in recent weeks is a “buying opportunity.” Rakers maintained an “Overweight” rating and $185 price target on the stock. The analyst anticipates five topics to be discussed at the event, including co-package optics, for which he said “there is a lot of investor focus” on where Nvidia stands.

“While we would be very surprised to see [co-package optics] / Silicon Photonics (SiPho) emerge at the GPU level at this year’s event (possibly in the next-gen Rubin architecture), industry reports / checks continue to point to this year’s event as showcasing some CPO integration in NVIDIA’s switch / networking portfolio. We think it is somewhat anticipated that NVDA could intro CPO integration in its Quantum InfiniBand portfolio at this [year’s] GTC.”

Other key topics expected to be discussed include the introduction of Blackwell Ultra (GB300), post-training and test-time scaling, with a focus on inferencing. Besides noting anticipated topics, the firm also noted how Nvidia might see a recovery rally next week if history repeats itself. The company is expecting the GPU Technology Conference, known as the GTC, next week. Wells Fargo data has shown how Nvidia’s shares have outperformed its peers in the timeframe of this conference.

“We maintain our positive views on NVDA’s broadening platform strategy and would be buying NVDA ahead of next week.”