12 Must-Watch AI Stocks on Wall Street

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5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 234

NVIDIA Corporation (NASDAQ:NVDA) is one of the 12 Must-Watch AI Stocks on Wall Street. On December 5, Bernstein reiterated the stock as “Outperform,” stating that the AI chipmaker is well positioned in the data center space.

“The datacenter opportunity is enormous, and still early, with material upside still possible.”

Another investment firm bullish on the AI behemoth is Goldman Sachs. Similar to Bernstein, the firm believes that the stock is quite compelling with more room to run.

“We reiterate our Buy rating as we continue to believe Nvidia has a sustainable model advantage over peers in AI training applications, we see significant upside to Street estimates, and we view valuation as relatively appealing at current levels.”

Overall, analysts on Wall Street currently have a consensus “Buy” rating on the chipmaker. The average price target of $250 implies a 37.05% upside, however, the Street-high target of $432.78 implies an upside of 137.26%.

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

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