3 Scorching-Hot Artificial Intelligence (AI) Stocks With 95% to 167% Upside, According to Select Wall Street Analysts

Core Insights - Analysts have identified three AI stocks with significant upside potential, with price targets suggesting increases of 95% to 167% over the next year [4][10][16] Group 1: AI Market Overview - The rise of artificial intelligence (AI) has been a major catalyst for stock market growth, contributing to record highs in major indices like the Dow Jones, S&P 500, and Nasdaq [2] - PwC analysts forecast a 26% increase in global GDP by 2030 due to the impact of AI technology across various industries [3] Group 2: Nvidia - Nvidia is projected to have an implied upside of 95%, with a price target of $220 per share set by Rosenblatt analyst Hans Mosesmann [5] - The company's Hopper chip and Blackwell GPU architecture have generated $11 billion in sales during the fiscal fourth quarter, marking the fastest ramp of a new product in Nvidia's history [6] - Nvidia's CUDA toolkit has been crucial in maintaining customer loyalty, enabling developers to maximize GPU potential [7] - However, Nvidia faces increasing competition from both external rivals and internal customers developing their own AI chips, which could impact its market position [8] - Historical trends indicate that emerging technologies often face bubble-bursting events, raising concerns about Nvidia's reliance on its data center segment, which accounted for 88% of net sales last year [9] Group 3: SoundHound AI - SoundHound AI has an implied upside of 167%, with a price target of $26 per share predicted by H.C. Wainwright analyst Scott Buck [10] - The company aims to create an AI voice ecosystem, integrating voice technology in various industries, including next-generation vehicles and restaurants [11][12] - SoundHound AI is experiencing significant sales growth, with a forecast of 85% growth in 2024 and potential for sales to double [13] - Despite its growth, SoundHound AI is not yet profitable, with a net loss that nearly doubled in the fourth quarter and a significant increase in cash burn [14][15] Group 4: Upstart Holdings - Upstart Holdings is projected to have an implied upside of 105%, with a price target of $110 per share set by Mizuho's Dan Dolev [16] - The company utilizes AI and machine learning to streamline the loan-vetting process, partnering with over 100 banks and credit unions, and achieving 91% automation in its loans [17] - Upstart's platform has shown similar delinquency rates compared to traditional methods, allowing for a broader customer base without increasing risk [18] - Concerns exist regarding Upstart's performance during economic downturns, as its model has not been tested in such conditions [19] - The company's performance is also sensitive to monetary policy changes and interest rates, which could lead to stock volatility [20]