10 Must-Watch AI Stocks on Wall Street

3.  NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Must-Watch AI Stocks on Wall Street. On November 20, Evercore ISI raised its price target on the stock to $352 from $261 while maintaining an “Outperform” rating.

Nvidia remains the firm’s “Top Pick” following Q3 earnings supported by reaccelerating revenue growth and improved product availability. According to Evercore ISI, Nvidia remains the “AI ecosystem of choice”, with GB200 and GB300 availability greatly improved.

Blackwell compute revenue has increased an estimated 48% quarter-over-quarter, a more than $13 billion in growth compared to July quarter.

“Revs Reaccelerating — Reiterate OP. We reiterate our Outperform rating and are increasing our estimates and raising our Price Target from $261 to $352, reflecting 35x our Base Case C2030 EPS of $14.74 discounted back to 2026. Results were consistent with our channel checks which indicated that NVDA remains the AI ecosystem of choice and that GB200 and GB300 availability had greatly improved — with Blackwell revs increasing by nearly 50% QoQ (or $13bn+).”

While supply remains tight, the firm believes that Nvidia’s 32% increase in inventory and 63% QoQ increase in supply commitments will allow it to support its $500 billion data center compute orders in 2025-26.

“Importantly, we model revenues accelerate from 56% growth in Jul-25Q to 79% in the Jul-26Q, which we expect will support a premium P/E of 35x. Based on AH pricing, NVDA trades at a 25x P/E — nearly 30% discount vs 9yr median of 35x. We believe risk/reward remains attractive and NVDA remains our Top Pick.”

The analysts also added how the company modeling $493B in total 2025 and 2026 revenues is “potentially conservative given current trends.”

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