10 Best Semiconductor Stocks to Buy According to Billionaires

2. NVIDIA Corp. (NASDAQ:NVDA)

Number of Billionaire Investors: 29

Billionaire Holdings: $33.2 billion

Number of Hedge Fund Holders: 223

NVIDIA Corp. (NASDAQ:NVDA) stands as a leading innovator in the design and production of graphics processing units (GPUs), system-on-a-chip (SoC) solutions, and AI-driven hardware and software. The company’s GPUs are essential to high-performance computing, AI training, and inference, serving as the backbone of data center infrastructure worldwide. Its cutting-edge technology continues to drive advancements in artificial intelligence, deep learning, and data analytics, reinforcing the company’s pivotal role in shaping next-generation computing.

NVIDIA Corp. (NASDAQ:NVDA) hosted its GTC AI conference from March 17-21, leaving analysts optimistic about its growth outlook. The company unveiled a roadmap for its next three product generations, each offering significant performance improvements. It also projected substantial growth in Data Center revenue, estimating at least $450 billion by 2028, fueled by $1 trillion in Data Center capital expenditures, i.e. more than double the $200 billion expected in 2025.

Buoyed by the same optimism, Mizuho Securities analyst Vijay Rakesh reaffirmed a Buy rating on the company with a $168 price target in a March 20 report, citing the company’s strong market positioning and growth potential. The analyst noted that the company’s GTC conference highlighted its leadership in AI hardware and software, along with a solid roadmap for expansion, particularly in data centers. Key product launches, including the Vera Rubin Ultra and Feynman, are expected to drive significant performance gains. Strong cloud orders and partnerships with major providers indicate robust revenue prospects, with orders projected to double by 2025. The analyst was further enthused by innovations like Spectrum-X and Quantum-X which reinforce NVIDIA’s dominance in AI, enterprise solutions, and robotics, positioning it for sustained growth.

Notably, we also featured NVIDIA Corp. (NASDAQ:NVDA) as one of our top picks in our articles on ‘Growth at a Reasonable Price (GARP)’ stocks and ‘20 Best Data Center stocks’. The full articles, published on March 10 and 13, respectively, can be accessed by clicking on the links.