14 AI News You Should Pay Attention To

Page 14 of 14

1. NVIDIA Corporation (NASDAQ:NVDA

Market Capitalization: $3.6 Trillion 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. On November 11, Piper Sandler analyst Harsh Kumar raised the price target on Nvidia to $175 from $140 and kept an Overweight rating on the shares. The advisory also elevated Nvidia to its top large-cap pick given the company’s dominant positioning in artificial intelligence accelerators and the upcoming launch of the Blackwell architecture. The total addressable market for AI accelerators will continue to rise in 2025 by $70 billion, and Nvidia is well positioned to capture most of the incremental market increase while ceding only a small bit to its merchant chip competitors, Kumar told investors in a research note. On Nvidia’s Q3 report, Piper’s bull case projected a beat of roughly $1.3 billion in revenue for the October quarter and a beat of around $1.5 billion in a greatly supply-constrained January quarter.

While we acknowledge the potential of 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 NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 14 of 14