10 Best Stocks to Buy for the Next 3 Months

5. NVIDIA Corporation (NASDAQ:NVDA)

No. of Hedge Fund Holders: 223

Upside Potential: 45.37%

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computer, and networking solutions, including GPUs, software, and platforms for gaming, data centers, automotive, and AI. Its hardware-software integration, particularly its DGX cloud offerings, makes it a major player in AI and serverless computing.

NVIDIA Corporation (NASDAQ:NVDA)’s CEO, Jensen Huang, also stated an improvement in their product performance by millions of times over the past decade and expects similar growth over the next decade. While having an established dominance in hardware, it also has an overwhelming presence in the cloud, with 93% of GPU-accelerated instances being powered by the company’s hardware.

NVIDIA Corporation (NASDAQ:NVDA)’s earnings report for the final quarter of 2024 revealed revenue of $39.33 billion, an astounding 77.94% YoY rise, shattering estimates by $1.19 billion. EPS was $0.89, also beating estimates of $0.04.

The Semiconductor Industry Association (SIA), which includes NVIDIA Corporation (NASDAQ:NVDA) as a member, spoke about the importance of the US Trade Commission to look beyond tariffs and work with global allies to offset China’s attempts at dominating the industry.

”In semiconductors, as in other advanced technologies, China has pursued a wide range of policies and practices that seek to frustrate access for foreign products and companies to its domestic market, while offering an array of subsidies, discriminatory standards, preferential government procurement policies, local content requirements, and other measures intended to boost local producers and design-in domestically produced semiconductor chips into downstream products for sale in China’s domestic market as well as for products exported to the rest of the world.

We strongly urge USTR and other U.S. agencies to continue collaboration with G7 countries and other trusted partners and allies towards coordinated, multi-country solutions to the challenges outlined in this submission – solutions that maximize impact and minimize potential free-riding and backfilling.”