15 Stocks ChatGPT Predicts Could Make You Wealthy in 10 Years

6. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 193

NVIDIA Corporation (NASDAQ:NVDA) is a US-based full-stack computing infrastructure company. It is the go-to company for firms looking for GPUs and semiconductors as they increase spending on artificial intelligence, which has been a significant catalyst behind NVDA’s growth. Over the last five years, its share price has surged by over 2200%.

In 2024, the chipmaker was the biggest global gainer in market capitalization, with its market value increasing by more than $2 trillion to reach $3.28 trillion at the close of the year, up by over 170% from its market value at the end of 2023. The gains were driven by a growing interest in artificial intelligence and robust demand for its AI chips.

On November 20, NVIDIA Corporation (NASDAQ:NVDA) declared strong results for the third quarter of fiscal 2025. The quarterly revenue of $35.1 billion, was up 94% year-over-year, and 17% sequentially from Q2. This was also 8% above the company’s outlook of $32.5 billion. Non-GAAP diluted EPS was $0.81, beating expectations by six cents, and up 103% compared to a year ago.

Following the announcement of these results, several analysts raised their price targets for NVIDIA Corporation (NASDAQ:NVDA), citing various reasons, including the expected increase in global AI investments and the popularity of the stock among both institutional and individual investors. Wall Street analysts have a consensus Strong Buy rating for NVDA with an average share price upside potential of 14%.

Investor sentiment continues to improve as well. According to Insider Monkey’s database for Q3 2024, 193 hedge funds held a stake in the company, up from 179 at the end of Q2. Here is what Manole Capital Management had to say about the stock in its Q3 2024 investor letter:

As of this publication, Nvidia is up roughly 150% year-to-date. NVIDIA Corporation (NASDAQ:NVDA) was the largest gainer in the S&P 500 last year and has more than tripled in value over the last year. It hit an eye-opening market capitalization of $3 trillion in June, less than four months after it eclipsed the $2 trillion mark. Enthusiasm for everything AI-related, especially for the primary chip maker whose products are essential to powering AI technology, continues to fuel the market. Last quarter, and for the fifth consecutive quarter, Nvidia reported sales and profits that blew past Wall Street expectations. The stock rose +37% in the second quarter alone.

NVIDIA Corporation (NASDAQ:NVDA) is among the stocks ChatGPT predicts could make you wealthy in 10 years.