10 AI Stocks Investors Are Watching Closely

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 104

Tesla, Inc. (NASDAQ:TSLA) is one the 10 AI Stocks Investors Are Watching Closely. On August 11, Morgan Stanley maintained the stock as Overweight and also reiterated it as its top pick.

The firm highlighted reports that Tesla is scaling back its in-house custom silicon computing ambitions. Instead, it is focusing more on partnerships with suppliers like Nvidia to enhance its inference capabilities.

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $329 implies a 3.47% upside; however, the Street-high target of $500 implies an upside of 46.7%.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.