10 AI Stocks Making Waves on Wall Street

1.  NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 234

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Making Waves on Wall Street. One of the biggest analyst calls on Monday, January 5, was for Nvidia Corporation. UBS reiterated the AI chipmaker as “Buy,” stating that it’s sticking with the stock heading into the Consumer Electronics Show.

“NVDA is hosting a keynote on Monday night, where we expect it may give a little more information about Rubin and the QuantumX/SpectrumX silicon photonics switches, and perhaps further outline how the new Groq technology licensing deal fits into its AI factory vision…”

CES is the annual consumer technology conference happening in Las Vegas, with CEO Huang having scheduled to speak at a “special presentation” at 4 p.m. Besides UBS, Mizuho is also bullish on the stock, stating how semis may have more upside to go particularly considering the CES newsflow and keynote addresses.

“With the bullish headlines and sell side updates out today, my sense is that semis have more upside to go and if CES newsflow and keynotes addresses this week are construed as bullish ‘buy the news’ type events, long only and relative managers will have to react and follow this retail, quant semi chase or fear falling behind benchmark.”

-Mizuho analyst Jordan Klein.

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

While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

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