10 AI Stocks Making Moves on Wall Street

2.  NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Making Moves on Wall Street. On November 19, Baird reiterated an “Outperform” rating on the stock and raised the price target from $225 to $275.

The rating affirmation, issued after Nvidia’s earnings print, reflects confidence in the AI chipmaker’s architecture leadership and unmatched AI momentum. Nvidia reported fiscal third-quarter earnings and revenue that topped Wall Street expectations. It also provided stronger-than-expected sales guidance for the fourth quarter.

Earnings per share came in at $1.30 adjusted versus $1.25 expected, while revenue reached $57.01 billion as compared to the $54.92 billion expected.

Baird has raised the price target on Nvidia post earnings, citing strong Blackwell chip demand that exceeds supply. TSMC’s capacity will be crucial next year, the analysts noted, while it expects Nvidia to maintain a clear AI performance lead in 2026 and 2027.

“Blackwell demand is now well exceeding supply, the repeat of a situation Nvidia faced in 1H24. Execution and TSMC capacity will be in focus for next year, while we expect Nvidia to maintain a stratospheric performance and platform advantage versus the competition throughout 2026 and likely 2027.”

Based on its insatiable AI demand and its long-standing architecture leadership, the firm sees room for multiple expansion ahead.

“The combination of insatiable AI demand and ongoing architecture performance leadership (nothing new for Nvidia since 1999) warrants multiple expansion ahead, in our view. Outperform-rated.”

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