7 Unstoppable Growth Stocks To Buy Now

4. NVIDIA Corporation (NASDAQ:NVDA)

Year-to-date Share Price Gain as of September 11: 124.41%

Number of Hedge Fund Holders: 179

NVIDIA Corporation (NASDAQ:NVDA) is the world’s largest chip designer by market cap and finds itself running the AI industry through its indispensable chips enabling artificial intelligence.  While its Graphics Processing Units (GPUs) are powering the AI industry and the data centers, they also play a pivotal role in graphics, networking, and computing.

Its Grace Hopper and Blackwell chips are leading the market, with extremely high demand thereby giving substantial pricing power to the company. To understand the growing demand for its chips, the recent news of Elon Musk buying Colossal, an AI training system is a good example. Colossal is powered by 100,000 H100 GPUs designed by NVIDIA Corporation (NASDAQ:NVDA). In addition, other mega companies developing AI such as Google and Meta use 90,000 and 70,000 GPUs, respectively.

The global competition of developing the best AI model is only benefiting NVIDIA Corporation (NASDAQ:NVDA) as its new chips always find themselves in demand even before they are designed or released for the market.

Financially speaking, FQ2 2025 witnessed 122% revenue growth year-over-year to $30 billion and was well above the outlook of $28 billion. Both Data Center and Gaming performed well for NVIDIA Corporation (NASDAQ:NVDA), Data Center revenue reached $26.3 billion after a record growth of 154% year-over-year, whereas Gaming was up 16% during the same time.

It is also one of the most widely held stocks among hedge funds. In Q2 2024, 179 hedge funds held NVDA, with total stakes worth $53.67 billion. Citadel Investment Group is the largest shareholder with a position worth $18.35 billion.

Ithaka US Growth Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2024 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) is the market leader in visual computing through the production of high-performance graphics processing units (GPUs). The company targets four large and growing markets: Gaming, Professional Visualization, Data Center, and Automotive. NVIDIA’s products have the potential to lead and disrupt some of the most exciting areas of computing, including: data center acceleration, artificial intelligence (AI), machine learning, and autonomous driving. The reason for the stock’s appreciation in the quarter was twofold: First, the stock benefited from tremendous excitement surrounding the further development of generative AI and the likelihood this would necessitate the purchase of a large number of Nvidia’s products far into the future; Second, Nvidia posted another strong beat[1]and-raise quarter, where the company upped its F2Q25 revenue guidance above Street estimates, showcasing its dominant position in the buildout of today’s accelerated computing infrastructure.”