Top 10 AI Stocks on Investors’ Radar These Days

3. Nvidia Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 193

Nvidia (NASDAQ:NVDA) was recently downgraded to Accumulate from Buy by PhillipCapital, which cited recent price movements ahead of the Blackwell ramp.

The firm raised its price target slightly to $160 from $155.

“Hyperscalers are upgrading their AI cloud capabilities to capture cloud service opportunities from Gen AI startups,” said PhillipCapital analyst Yik Ban Chong. “H200 Hopper sales increased to ‘double-digit billions,’ the fastest product ramp in the company’s history, NVDA guided that its demand will continue at least until 2H26.”

Chong added, “Blackwell just started production in 4Q25, and NVDA expects its revenue to exceed their previous estimate of ‘several billion dollars.’ NVDA stated earlier that it expects supply-demand equilibrium to be reached in FY26e.”

PhillipCapital anticipates Nvidia Corp (NASDAQ:NVDA)’s profit growth to slow after mid-FY26e following Blackwell’s rollout.

Despite this, the firm views Nvidia Corp (NASDAQ:NVDA) as the leader in the AI GPU market, with Blackwell offering 2.2 times the performance of Hopper.

Chong also noted the potential impact of higher trade tariffs between the U.S. and China. “The escalation of the US-China trade war starting from July 2018 caused NVDA’s stock price to fall more than 50% from its peak in October 2018. If similar tariff policies were to be imposed again, there may be a material impact on NVDA’s share price.”

Columbia Seligman Global Technology Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2024 investor letter:

“The fund held an underweight position in NVIDIA Corporation (NASDAQ:NVDA) relative to the S&P North American Technology Sector, which was a headwind on performance following impressive returns from the company in 2023 and the first two quarters of 2024. NVIDIA’s stock fell during periods of the quarter after the company reported second quarter earnings. While the earnings came in higher than expectations, investors were concerned that the company did not guide earnings high enough, signaling a potential slowdown in AI buildout. NVIDIA’s demand remains strong and the company has forecast orders for upcoming quarters. The question that remains is whether the company can meet the demand for its AI processors and connectivity chips. Our team continues to remain cautious on NVIDIA’s high customer concentration. Microsoft and Meta have driven a significant amount of the company’s revenue, which presents added risk.”