Forget Nvidia: These 2 Artificial Intelligence (AI) Stocks Are Expected to More Than Double Investor's Money, According to Select Wall Street Analysts

Nvidia's market dominance in AI is underpinned by its graphics processing units (GPUs) and CUDA software. Its GPUs are highly efficient at handling complex mathematical calculations required for AI tasks, while CUDA provides a toolkit for developers to build and deploy AI models on Nvidia's hardware.

According to Morgan Stanley analyst Tim Hsiao, Nio's stock could potentially reach $10 per share in the next year, which would represent an increase of 116% from where shares ended on July 5.