17 Trending AI Stocks According to Latest News And Analyst Ratings

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1.  NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 186 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. The stock has been hit recently amid a broader selloff in the tech sector and reports of delays in the production of new AI chips branded Blackwell. However, the bigger picture remains rosy. The company has taken measures to ease investor concerns on the new chip, AI labs of the firm have been upsizing and lengthening their instance commitments, and enterprises are rapidly growing as a proportion of the demand mix. All these indicators point towards a bullish outlook for the AI giant.

Analysts led by Timothy Arcuri at investment advisory UBS have also recently backed NVIDIA Corporation (NASDAQ:NVDA) to emerge from the Blackwell troubles unscathed, reiterating a Buy rating on the shares with a price target of $150. Arcuri and his team noted that initial Blackwell customer volume shipments were only delayed four to six weeks at most, putting them at the very end of January 2025. This delay, per the team, was likely to be filled in large by customers taking more H200 chips due to very short lead times.

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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