We recently published a list of 14 AI Stocks to Watch According to the Latest News and Notes. In this article, we’ll take a look at where NVIDIA Corporation (NASDAQ:NVDA) stacks up against other AI stocks to watch based on the latest news and valuations.

Artificial intelligence companies have taken Wall Street by storm in recent months. One of the most remarkable success stories is that of OpenAI, the AI ​​start-up that has become the most valuable private company in the world with a valuation of more than $157 billion. However, the company faces multiple lawsuits over its use of data from news publications without attribution. After the US-based New York Times and Chicago Tribune sued the company, Indian news publication ANI also alleged that ChatGPT’s creator was using content posted without permission to help train the AI ​​chatbot to provide information to users.

Learn more about these developments by accessing 10 Best AI Data Center Stocks And 10 Hot AI Stocks According to Goldman Sachs.

Even though it faces these lawsuits, the company is moving forward with its plans to expand the use of the AI ​​chatbot. Kevin Weil, the company’s chief product officer, recently announced on social media platform X that the company is extending ChatGPT’s Advanced Voice Mode functionality to the web. This will allow users to talk to the AI ​​chatbot directly from their browser. However, the latest feature will only be available to Plus, Enterprise, Teams, or Edu subscribers, the paid members of ChatGPT. This feature is already available on the product’s standalone apps on popular mobile software platforms like Android and iOS.

Learn more about these developments by accessing 30 The Most Important AI Stocks According to BlackRock And Beyond Tech Giants: 35 Non-Tech AI Opportunities.

For this article, we selected AI stocks by combing through news articles, stock analyzes and press releases. These stocks are also popular among hedge funds.

Why are we interested in stocks that hedge funds are piling into? The reason is simple: our research has shown that we can outperform the market by imitating the stocks selected by the best hedge funds. Our quarterly newsletter strategy selects 14 small- and large-cap stocks each quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

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Number of hedge fund holders: 193

NVIDIA Corporation (NASDAQ: NVDA) provides graphics, computing and networking solutions. On November 19, Truist raised the stock’s price target from $148 to $167 and maintained a buy rating on the stock ahead of its third-quarter results. The advisory expects the company to post an upside versus consensus while also expressing confidence in 2025 due to a very strong backlog, Truist told investors in a research note. Comments from Nvidia management will focus on the next growth drivers after LLM – data processing and physical AI – and the advisory increases its estimates based on higher growth expectations in the data center end market , with FY24 EPS up 4c to $2.85 and FY25 EPS up 49c to $4.18, Truist added.

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