Top 10 AI Stocks Buzzing on Latest News

3. NVIDIA Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 193

Jeffrey Small from Arbor Financial said in a latest program on Schwab Network that the latest dip of NVIDIA Corp (NASDAQ:NVDA) shares was a buying opportunity. He believes Nvidia’s revenues will see an increase in the second half of the year.

“I mean, you know, it hit 115 today. That’s a great opportunity for folks to get in. I think if you’re trading NVIDIA Corp (NASDAQ:NVDA) stock, you’re looking at the upside potential over an 18- to 24-month period because we kind of know what’s going to happen this year. And we know the second six months of the year, things are going to start ramping up as they can meet production for their chip demand. Right now, there’s too much demand and not enough supply. So in the second half of the year, they plan on making that up, and we start to see revenues really take off next year more so than this year. But they could surprise. And so this is one you want to bank on for the next 24 months.”

Infuse Asset Management stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2024 investor letter:

“We do still own some NVIDIA Corporation (NASDAQ:NVDA) as the forward multiple isn’t egregious and it powers over 90% of AI workloads. This company is only becoming increasingly important though the hyperscalers are actively trying to save money through their own ASIC programs. The moat CUDA provides has been underestimated time and time again. While I don’t think Nvidia has quite the upside as some of the other companies in the portfolio, it has a product that the best companies in the world literally can’t get enough of.”