12 AI Stocks on Wall Street’s Radar

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5. 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 Wall Street on April 16 was for Nvidia Corporation. Bank of America reiterated the stock as “Buy” and lowered its price target to $160 per share from $200. The price target revision comes amid tariff uncertainty. However, the firm believes that the stock is still well-positioned.

“Our $160 PO is based on 26x CY26E PE ex cash, toward lower-end of NVDA’s historical 25x-56x forward year PE range, which we believe is justified given near-term concerns around cost inflation and tariffs, partially offset by stronger growth opportunities ahead as gaming cycle troughs and data center demand potentially faces strong, long-term demand dynamics.”

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