Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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4. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 223 

Bank of America recently raised the price target on NVIDIA Corporation (NASDAQ:NVDA) to $160 from $150 and kept a Buy rating on the shares after Nvidia and AMD separately announced multi-year AI infrastructure projects with HUMAIN, a subsidiary of the Saudi Arabia Public Investment Fund. NVDA provides graphics, computing and networking solutions. In an investor note, the analyst noted that the advisory, which sizes the projects to be likely around $3 billion – $5 billion annually, or $15 billion – $20 billion over a multi-year period, thinks sovereign AI could help address limited power availability for data centers in the US, plus offset headwinds from restrictions on US companies shipping to China.

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