10 AI Stocks Investors Are Watching Closely

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Investors Are Watching Closely. On July 16, Needham analyst Rajvindra Gill raised the price target on the stock to $200 from $160. The firm has a “Buy” rating on the shares. The price target hike follows assurances from the US government that export licenses will be granted for the company to resume sales of its H20 chips.

Analysts noted that the H20 chips were previously subject to export controls. Owing to the restrictions, Nvidia was unable to ship $2.5 billion worth of products to China in the first quarter of fiscal 2026. It also had to pause $8B of H20 orders set to ship in the second quarter of fiscal 2026.

Currently, the company has not specified how much revenue the H20 chips may capture over the coming quarters. However, analysts noted that they conservatively model $3B of H20 shipments per quarter. This starts in the third quarter of fiscal 2026 (October), over the next several quarters.

The analysts also pointed out that Nvidia may be developing Blackwell GPU variants for the China market (B30/B40/RTX 6000D). These are anticipated to begin shipments in the August/September timeframe.

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, providing high-performance GPUs and platforms that power data centers, autonomous vehicles, robotics, and cloud services.