14 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More

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6. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 123

On June 26, Morgan Stanley reiterated the stock as equal weight, stating how it anticipates robust delivery numbers from Tesla the following week. The firm cited stronger-than-expected sales trends in Europe and China. However, it remains cautious on the electric vehicle maker’s energy storage business.

We are increasing our 2Q Tesla delivery estimates to 413K units, from 373K, supported by stronger regional sales trends.

The firm left its $415 price target unchanged due to its cautious stance on Tesla’s energy storage deployments.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

While we acknowledge the potential of TSLA to grow, 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 TSLA and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More.

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