10 Trending AI Stocks on Wall Street

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1.    NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Trending AI Stocks on Wall Street. On August 28, William Blair analyst Sebastien Naji reiterated an Outperform rating on the stock without a price target.

The rating affirmation follows Nvidia’s modest beat-and-raise quarter, excluding H20 contributions given the continued uncertainty regarding China export licenses.

Blackwell Ultra (B300) has brought in $10 billion in the quarter, while increased GB300 manufacturing capacity and sustained computing demand is anticipated to drive strong growth in the second half of fiscal 2026.

The firm said it would be buyers on weakness considering the stock dipped after hours.

“What You Need to Know: Nvidia reported a modest beat-and-raise quarter, notably excluding H20 contributions from its guidance given continued uncertainty around China export licenses. Blackwell continues to ramp up nicely, with the Blackwell Ultra (B300) accounting for more than $10 billion of revenue in the quarter (faster than expected and reemphasizing Nvidia’s commitment to annual product releases). A step-up in GB300 manufacturing capacity and sustained computing demand will be key to driving strong growth in the second half of fiscal 2026. We believe that Nvidia should retain its leadership in AI for several years to come (underpinned by rack-level hardware designs, an unparalleled supply chain, and the broadly used CUDA-based software stack), which will allow it to sustain strong revenue and earnings growth going into fiscal 2026 and beyond. With shares down modestly in after-hours trading, we would be buyers on weakness.”

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 in the Spotlight Today and 10 AI Stocks Hit with New Analyst Ratings

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