10 AI Stocks Making Moves This Week

2. 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. On Friday, May 9th, UBS reiterated the stock as “Buy” with a $180.00 price target. The firm said that it is standing by the stock after the Taiwan Ministry of Finance released April export data. However, it remains cautious on the results of the export data despite April being another “strong month.”

“Although unclear to what extent this reflects tariff pull-ins rather than underlying strength, we express caution on the positive read-through for NVDA as the data has not been predictive over the past several Qs and continues to decouple by as much as mid-teens in either direction in recent years.”