10 Debt Free Halal Stocks to Invest in Right Now

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223 

Market Cap as of March 27: $2.776 trillion 

Enterprise Value as of March 27: $2.69 trillion 

NVIDIA Corporation (NASDAQ:NVDA) is a leader in accelerated computing, providing a comprehensive platform that includes GPUs, software, and tools. The company’s technology offers solutions for a wide range of industries, supporting AI, data analysis, scientific computing, and 3D graphics.

Deep learning applications in autonomous systems achieve success through the NVIDIA Corporation (NASDAQ:NVDA)’s GPU processing power, which serves as the primary backbone for these AI applications. The company’s GPUs power more than 75% of the world’s advanced supercomputing systems. Additionally, NVIDIA enhances gameplay for players and content developers through its AI-focused investments in autonomous driving.

The combination of powerful AI infrastructure, data center solutions, and gaming technologies positions the company for continued growth. The business asserts that its technology has lasting practicality. Over the past two fiscal years, NVIDIA Corporation (NASDAQ:NVDA) has experienced a revenue increase of more than 100%. As one of the best halal stocks, the company currently holds exceptional bargaining power, demonstrated by its recently achieved operating margin of 62.4%. Industry experts anticipate the business advancing at an increasing pace in the coming years. The company projects its sales to grow at an annual rate of 23.7% over the next four fiscal years.