10 AI Stocks Investors Are Watching Today

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. Bank of America reiterates Nvidia as buy. The firm said it came away feeling more bullish after the CEO’s keynote address at the Computex conference.

“NVDA’s key differentiators include its ability to: 1) expand its addressable market across multiple vectors of silicon, systems, software and services, 2) drive scale with global supply-chain partners, and 3) solid balance sheet to make strategic investments in the ecosystem.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $160 implies a 19% upside, however, the Street-high target of $235 implies an upside of 76%.