Top 14 AI Stocks on Wall Street: News and Analyst Ratings

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 193

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. One of the biggest calls on Wall Street on Thursday, February 13, was for Nvidia. Morgan Stanley reiterated the stock as “Overweight”.

“In the last six months, the momentum in the AI trade has clearly moved to custom silicon, as NVIDIA has tread water and AMD has sharply underperformed. NVIDIA’s $3 trillion of market cap is supported by over $32 bn of quarterly AI revenue”

Analyst Joseph Moore has been defending Nvidia’s stock during this period of “excessive” excitement for companies like Broadcom Inc. (AVGO) and Marvell Technology Inc. (MRVL) that make ASICs (application-specific integrated circuits).

There’s a “wide range of potential outcomes, but our view is that the presumption should be that the incumbent – Nvidia – retains dominant share unless something changes”.

Analysts on Wall Street currently have a consensus Buy rating on the stock. The average price target of $175 implies a 29% upside, however, the Street-high target of $220 implies an upside of 62.5%.