10 AI Stocks Every Investor Should Watch

Page 9 of 9

1.  NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Every Investor Should Watch. On October 10, Morgan Stanley reiterated the stock as “Overweight.” The firm said it’s sticking with Nvidia.

“Our thoughts on the stock: We remain positive on the short- and long-term outlook here, and while the market is more optimistic now vs. 3-6 months ago, we still see the stock climbing a wall of worry from here.”

Analyst Joseph Moore from Morgan Stanley has expressed confidence in future demand and Nvidia’s growing share of cloud spending. While most of the current growth is coming from companies transitioning to GPUs, Moore believes the real boom comes from avenues such as healthcare, law, and robotics.

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

While we acknowledge the potential of NVDA  as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks in the Spotlight Today and 10 AI Stocks Analysts Are Tracking Closely.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9