10 AI Stocks on Wall Street’s Radar

3. 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 May 14, BofA raised the firm’s price target on the stock to $160 from $150 and kept a “Buy” rating on the shares after Nvidia announced a multi-year AI infrastructure project with Saudi Arabian AI startup HUMAIN. The firm believes the project is likely to be around $3B to $5B annually. It also believes “Sovereign AI” can address the challenge of limited power availability for data centers in the U.S., and reduce the impact of export restrictions on US companies shipping to China.