NVIDIA (NVDA) Reaffirmed as Top Pick by Morgan Stanley

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Making Waves on Wall StreetOn June 30, Morgan Stanley reiterated the stock as “Overweight.” The firm said that Nvidia remains a top idea at the firm.

“Our view is more constructive – NVIDIA is our Top Pick in semis, as we think that both demand and supply are tracking ahead of the various Taiwanese anecdotes – but we do want to report accurately.”

NVIDIA (NVDA) Reaffirmed as Top Pick by Morgan Stanley

In other news, The Financial Times reported that Nvidia insiders have sold over $1 billion worth of company stock in the past year. However, there has been a notable uptick in recent trading activity as executives capitalize on surging investor interest in artificial intelligence.

Moreover, for the first time since September, CEO Jensen Huang started selling shares this week. The stock hit a record last Wednesday, reclaiming the crown of the world’s most valuable company. Its gains reflect the U.S. stock market’s return to the “AI trade”.

While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 AI Stocks in the Spotlight and 10 AI Stocks Investors are Watching.

Disclosure: None.