10 AI Stocks Surging on News and Ratings

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. One of the most notable analyst calls on Tuesday, May 13, was for Nvidia Corporation. Wells Fargo analyst Aaron Rakers maintained a Buy rating on the stock and set a price target of $185.00.

According to Rakers, Nvidia is likely to experience a positive demand trajectory for its Blackwell platform. Even though there are challenges due to the China H20 ban, Rakers believes that the company has adequately mitigated these risks in their model.

Moreover, Nvidia holds a dominant position in the data center market, which is why the analyst expects year-over-year revenue growth. He has also cautioned that the market hasn’t fully estimated the impact of the H20 ban and inventory provisions, which is why gross margins may be lower than street expectations.