10 AI Stocks on Analyst’s Radar Today

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 212

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

On May 27, Analyst Joseph Moore of Morgan Stanley maintained a “Buy” rating on NVIDIA Corporation (NASDAQ:NVDA) and retained the price target of $160.00.

Moore’s rating reflects optimism in Nvidia’s stock despite the challenges it is currently facing. In particular, the company has been dealing with the H20 chip ban, where it is not allowed to sell its H20 chip to China.

The ban has been impacting Nvidia’s sales to the country, which has not been completely accounted for in consensus estimates. It has also led to a significant inventory write-down, the firm noted. However, it is expected of Nvidia’s management that they mitigate this impact by improving other products’ supply, such as the Blackwell line.

Moore also noted how the H20 ban is a short-term headwind, but demand for other products is still robust. Blackwell products have supply constraints, which are expected to ease. Major tech companies such as Amazon and Microsoft have also given out positive comments regarding growth trends, which further reiterate Moore’s optimistic outlook.