17 Latest AI News and Analyst Ratings You Should Not Miss

1.  NVIDIA Corporation (NASDAQ:NVDA) 

Number of Hedge Fund Holders: 179 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. The company is the most famous manufacturer of graphic processing units (GPUs), powerful chips that provide power for the computational complexity of AI tasks. Earlier this year, the firm revealed Blackwell, the latest GPU dubbed the most powerful chip in the world, surpassing the efficiency of the previous Hopper model. Prominent tech names like Google, Microsoft, and Meta Platforms were in line to snap up these chips off the production line for their AI data centers, but last-minute design flaws have forced NVIDIA to delay the launch of these chips by at least three months, raising concern just before the company releases earnings results for the third quarter.

However, analysts on Wall Street have backed NVIDIA Corporation (NASDAQ:NVDA) to emerge from this hiccup without too much damage. For example, Jefferies analyst Blayne Curtis, who has a 79% success rate on NVIDIA calls, has a Buy rating on the stock with a price target of $150. He recently forecast that the firm would beat market expectations on earnings and guidance by $1 billion each. He also noted that the demand for the Hopper chips of NVIDIA remains robust, and inventories and continued production should help bridge the gap to ramping Blackwell.

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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