12 Most Promising AI Stocks According to Wall Street Analysts

10) NVIDIA Corporation (NASDAQ:NVDA)

Average Upside Potential: ~20.2%

Number of Hedge Fund Holders: 193

NVIDIA Corporation (NASDAQ:NVDA) is a leading player in the Al industry as its technology plays a key role in powering Al applications, primarily deep learning and machine learning. The company’s stock was again in the news after Trump’s announcement to invest significantly in Al infrastructure. Analysts at UBS expect that results for the current quarter and guidance for the fiscal first quarter will be healthy. Furthermore, the analysts also see revenue streams for NVIDIA Corporation (NASDAQ:NVDA) from OEMs as they build inventory. Blackwell, which was launched last year, is expected to act as a critical revenue driver for the company over the upcoming years.

NVIDIA Corporation (NASDAQ:NVDA) has made numerous strides in the Al and semiconductor sectors. It launched new generative Al models and blueprints in a bid to enhance its Omniverse platform, targeted at advancing robotics, AVs, and vision Al applications. Also, it announced a partnership with Arbe Robotics, focused on enhancing automotive free space mapping and Al-driven capabilities. The company will integrate Arbe’s ultra-high-definition radar technology with its in-vehicle computing platform.

Notably, JPMorgan Chase & Co. upped its price objective on shares of NVIDIA Corporation (NASDAQ:NVDA) from $155.00 to $170.00, giving an “Overweight” rating on 21^st November. Infuse Asset Management, an investment management company, released its Q4 2024 investor letter. Here is what the fund said:

“We do still own some NVIDIA Corporation (NASDAQ:NVDA) as the forward multiple isn’t egregious and it powers over 90% of AI workloads. This company is only becoming increasingly important though the hyperscalers are actively trying to save money through their own ASIC programs. The moat CUDA provides has been underestimated time and time again. While I don’t think Nvidia has quite the upside as some of the other companies in the portfolio, it has a product that the best companies in the world literally can’t get enough of.”