10 AI Stocks You Should Not Ignore

Page 9 of 9

1.   NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks You Should Not Ignore. One of the biggest analyst calls on Monday, September 15, was for Nvidia. Oppenheimer reiterated the stock as “Outperform,” stating that the stock remains a top pick.

“We favor structural growth for long-term outperformance. Our top picks are AI-heavy NVDA, AVGO, MRVL, and MPWR.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $212 implies a 19.87% upside; however, the Street-high target of $389.7 implies an upside of 119.8%.

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.

READ NEXT: 10 AI Stocks Gaining Attention on Wall Street  and 10 AI Stocks Analysts Say You Should Watch Closely

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9