10 AI Stocks Investors Are Watching Right Now

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 212

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Investors Are Watching Right Now. On August 13, Piper Sandler analyst Harsh Kumar raised the price target on the stock to $225.00 (from $180.00) while maintaining an Overweight rating.

The rating affirmation comes ahead of Nvidia’s upcoming quarterly report, with Piper Sandler anticipating another positive quarter from the chipmaker.

The firm’s optimistic outlook is supported by positive commentary from US hyperscalers. It also highlighted how current estimates do not yet reflect anticipated revenue from China.

“We are expecting another positive quarter from NVDA and see upside to numbers for both the July and October quarters. While we are modeling largely in-line for the July quarter and slightly below Street for October, we are calling for upside given the recent positive commentary from U.S. hyperscalers as well as the inclusion of revenues from China. We note that our estimates and Street estimates do not reflect the inclusion of China business as we are anticipating revenues to start coming in towards the end of this month. China demand in our view could amount to ~$6B in sales for the October quarter and further ramp from there at a ~12-15% growth rate moving forward in a normal quarter. Finally, we are encouraged by hyperscaler commentary around capex plans for 2H and 2026 which should continue to pressure NVDA to meet this demand. We reiterate OW. PT to $225.”

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