Top 20 Trending AI News And Analyst Ratings

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1. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 179 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. Jensen Huang, the CEO of the firm, recently appeared on news platform CNBC to discuss a partnership that his firm was entering into with IT company Accenture. During the discussions around Blackwell – the latest, fastest, and most powerful AI chip developed by NVIDIA that has been hit with production delays recently – Huang revealed that Blackwell was in full production now and the demand for it was insane as everyone wanted a lot of these chips and also wanted to be the first ones to get it. Regarding the Accenture partnership, Huang claimed that AI would supercharge enterprises to scale innovation at greater speed.

JPMorgan has an Overweight rating on NVIDIA Corporation (NASDAQ:NVDA) stock with a $155 price target. In a recent investor note, issued after hosting a meeting with investor relations at the chipmaker, the advisory underlined NVIDIA remained on track to ship its next-generation Blackwell graphic processing unit platform in high volume production in Q4, with the company still expecting several billion dollars in Blackwell revenues during the time. The note also cautioned investors on paying too much attention to the noise around rack scale portfolio changes for the chips.

While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA Corporation (NASDAQ:NVDA) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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