Top 10 AI News Updates to Catch Up on This Weekend

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. On March 12, Citi analysts reiterated their Buy rating and $163.00 price target for the stock ahead of the company’s upcoming GPU Technology Conference (GTC).

“Stock specific, risk/reward looks attractive with stock trading below historical P/E trough of 19x and now fully derisking ~28% sales exposure to both China and Singapore on AI diffusion rules per our math. That said, we believe investors are looking for a clearance event on the AI restrictions and tariffs impact to gross margins, which we don’t believe Nvidia is in a position to comment currently.”

Concerning the conference, Malik is anticipating Nvidia to officially unveil its Blackwell ‘Ultra’ (B300) chip, along with the GB300. Investors are likely keen on learning more about the next-generation Rubin chip.

“While no further details on the chip or its architecture were provided, we think that given recent management comments, Vera-Rubin will be a strong step up from Grace-Blackwell, particularly on the inference front.”