12 Best Stocks to Invest in for the Next 3 Months

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5. NVIDIA Corporation (NASDAQ:NVDA)  

No. of Hedge Funds: 193  

NVIDIA Corporation (NASDAQ:NVDA) is a global leader in graphics processing technology, powering innovations in gaming, AI, data centers, and autonomous vehicles. The company’s GPUs are the gold standard for performance in applications requiring high computational power.

NVIDIA Corporation’s (NASDAQ:NVDA) journey from a gaming-centric GPU manufacturer to a leader in the artificial intelligence (AI) market has culminated in its inclusion in the Dow Jones Industrial Average (DJI). On November 6, the company was added to the DJI, replacing Intel. This milestone, combined with the upcoming launch of its highly anticipated Blackwell processors, positions the company for sustained growth.

The imminent release of NVIDIA’s Blackwell processors is poised to further solidify the company’s dominance in the AI chip market. The Blackwell GPUs are in high demand among companies like OpenAI, Microsoft, and Meta, which are constructing AI data centers to support their offerings. Priced between $30,000 and $40,000 each, these GPUs are already being delivered to data centers and industrial clients for AI applications, with consumer availability expected in 2025. In an interview with CNBC, CEO Jensen Huang stated, “Blackwell is in full production and demand for Blackwell is insane,” emphasizing, “Everybody wants to have the most and everybody wants to be first.”

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