12 Trending AI Stocks on Wall Street

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2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 234

NVIDIA Corporation (NASDAQ:NVDA) is one of the 12 Trending AI Stocks on Wall Street.  On December 9, Wells Fargo analyst Aaron Rakers reiterated an “Overweight” rating on the stock with a price target of $265. The rating follows news that the United States has allowed Nvidia’s H200 processors to be exported to China.

H200s are the second most-powerful AI chips by Nvidia. While they have been permitted for export, the highly sought-after Blackwell chips and next-generation Rubin chips will not be a part of the deal.

“I have informed President Xi, of China, that the United States will allow NVIDIA to ship its H200 products to approved customers in China, and other Countries, under conditions that allow for continued strong National Security. President Xi responded positively!”

-US President Donald Trump.

The firm views these official reports from the Trump administration as an incremental positive. It believes investors think about a $25-$30B/annum-plus revenue and positive 60c-70c/share EPS impact.

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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