20 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. Famous data storage firm NetApp recently announced that it had used NVIDIA AI software and accelerated computing hardware to come up with an advanced generative AI data vision and end-to-end integrated solution. The product, which uses intelligent data infrastructure for enterprise retrieval augmented generation, marketed by NetApp, will bring new capabilities to the NetApp unified storage operating system that can leverage a new NetApp global metadata namespace to unify data stores for the tens of thousands of enterprises that use NetApp for their data infrastructure.

Latest reports published by American magazine Barron’s indicate that NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang has completed a trading plan adopted earlier in the year. Huang grossed $713 million through stock sales executed by his Rule 10b5-1 trading plan, at an average price of over $118 per share, according to the magazine. The plan was set to be effective through March 2025, but it sold all of the allotted shares six months before expiration, the report claimed. Huang could adopt another plan to sell more shares, it added.

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 Corporation (NASDAQ:NVDA) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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