15 Best Fast Growth Stocks To Buy Right Now

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223 

NVIDIA Corporation (NASDAQ:NVDA) is a designer and developer of graphics processing units, central processing units, and system-on-a-chip units. For fiscal 2024, revenue increased by 126% to $60.9 billion. GAAP earnings per diluted share rose 586% to $11.93, while non-GAAP earnings per diluted share grew 288% to $12.96. In February, the company announced that its Blackwell platform is now generally available in the cloud, offering advanced AI and computing capabilities. CoreWeave, an American-based cloud computing startup, has launched NVIDIA GB200 NVL72-based instances, becoming the first cloud service provider to make Blackwell accessible. These instances feature rack-scale NVIDIA NVLink across 72 Blackwell GPUs and 36 Grace CPUs, scaling up to 110,000 GPUs with NVIDIA Quantum-2 InfiniBand networking.

While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than NVIDIA Corporation (NASDAQ:NVDA) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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