Top 10 AI Stocks to Watch In February

2. NVIDIA Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 193

Megan Brantley from LikeFolio‬ said in a latest program on Schwab Network that she sees “massive tailwinds” for Nvidia, especially after the Stargate project announcement despite valuation concerns.

“I think that right now really it’s a question of the valuation of NVIDIA Corp (NASDAQ:NVDA) and how high expectations are. For us, we see this and we just see massive tailwinds, especially in AI as just a macro trend at large. When you look at these investments, all those that you just mentioned, this should be a massive tailwind for NVIDIA Corp (NASDAQ:NVDA). Perhaps some of it is priced in. I think there’s a little bit of uncertainty from some investors saying, “Is this possible? Are these valuations possible for Nvidia to achieve?” But when we look at this, we look at this company and we say we constantly are seeing revisions to the upside when it comes to just how much companies are planning on investing in AI and ultimately utilizing NVIDIA Corp (NASDAQ:NVDA) products.”

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.”