16 Trending AI Stocks on Latest Analyst Ratings and News

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1.  NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 179 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. There has been lots of chatter around the second quarter earnings report of the firm in recent days, more so because of delays in the production of the new Blackwell chips that the firm is marketing as a game changer for AI data centers. However, experts in the chip domain have dismissed concerns around this hiccup, noting that demand for the H200 will more than make up for any delays in Blackwell production. NVIDIA claims that Blackwell shipping will begin at the back end of this year and accelerate in the first quarter of 2025.

Wall Street analysts have been monitoring NVIDIA Corporation (NASDAQ:NVDA) closely ahead of the release of the second quarter earnings. Morgan Stanley has an Overweight rating on the shares with a price target of $144. In a recent investor note, analyst Joseph Moore detailed that the advisory expected initial volumes of Blackwell in the October quarter, as the initial product was functional but with somewhat lower yields, and still expected a volume ramp of the next revision of silicon through January – all of which was still within the broad brush strokes of guidance.

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.

READ NEXT: Michael Burry Is Selling These Stocks and Jim Cramer is Recommending These Stocks.

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