10 Best High Growth Stocks To Buy

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 186

Annual Sales Growth Over the Past 5 Years: 46.68%

Headquartered in Santa Clara, California, NVIDIA Corporation (NASDAQ:NVDA) is a leading multinational technology company renowned for designing and selling GPUs (Graphics Processing Units) used in gaming, cryptocurrency mining, and professional applications. NVIDIA also develops chip systems for various sectors, including automotive, robotics, and other technologies.

NVIDIA Corporation (NASDAQ:NVDA)’s stock has maintained its impressive rally this year, pushing the AI chip leader’s valuation past $3 trillion, surpassing tech giants like Microsoft and Apple. The surge was further fueled by a bullish call from Rosenblatt Securities, which raised its price target on the NVDA stock to a street-high of $200, up from $140, indicating nearly 50% upside from its current price.

Rosenblatt’s price target hike reflects a strong outlook for NVIDIA Corporation (NASDAQ:NVDA)’s earnings, predicting that the company’s earnings per share will exceed $5 by 2026. The firm forecasts continued market share gains for tech giant from both existing and upcoming AI chips. Key products like Hopper, Blackwell, and Rubin are expected to help NVIDIA bolster its market position, with future gains anticipated in AI-related infrastructure, including adjacent networking Switch/NiC/DPU segments. Rosenblatt also highlights NVIDIA Corporation (NASDAQ:NVDA)’s software, which complements its hardware and is pivotal to its future growth narrative.

In the first quarter of this year, Insider Monkey’s research showed that 186 out of 919 hedge funds had invested in NVIDIA Corporation (NASDAQ:NVDA). Among these, Rajiv Jain’s GQG Partners was the largest shareholder, with a $12.07 billion investment in the company.

While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA), our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVIDIA Corporation (NASDAQ:NVDA) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None.