10 Best Semiconductor Stocks With The Highest Upside Potential

4. NVIDIA Corporation (NASDAQ:NVDA)

Upside Potential: 48.22%

Market Capitalization: $2.87 Trillion

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) is a leader in accelerated computing, providing a complete platform that includes GPUs, software, and tools. The behemoth’s technology supports AI, data analysis, scientific computing, and 3D graphics, with solutions for myriad industries. NVIDIA’s GPUs are key to powering AI applications, such as deep learning for autonomous systems. The company’s GPUs are used in over 75% of the world’s top supercomputers. In gaming, NVIDIA enhances experiences for gamers and content creators, and it also invests in AI for autonomous driving.

NVIDIA Corporation (NASDAQ:NVDA) is poised for continued growth, driven by its leadership in AI infrastructure, data center solutions, and gaming technology.  According to the company, its technology has long-term usability. The company’s revenue has more than doubled in each of the last two fiscal years. Its bargaining power is evident in its operating margin which has expanded to a stellar 62.4% in 2024. Analysts expect the company to continue to grow at a blistering pace. The company’s revenue is expected to grow at 23.7% annually over the next 4 financial years. The stock is trading at a mouth-watering forward PE of 20.5x.