Wall Street's Top AI Stock Pick: NVIDIA Over AMD.

Morgan Stanley has replaced AMD with NVIDIA as its "top pick" stock, with a share price target of $500. The primary catalyst for this upgrade is NVIDIA's "cleanest story in AI hardware" and "higher probability of upward revisions near term." NVIDIA is expected to corner a significant chunk of the AI training market via its AI Foundation Services, while AMD is moving fast in the cloud computing segment. Nonetheless, NVIDIA remains the primary beneficiary of AI-related spending this year, scooping up as much as 60 percent of the proverbial pie.