9 Stocks That Could 10X Over the Next 2 Years

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) specializes in products and platforms for the gaming, professional visualization, data center, and automotive markets. The chip maker is a pioneer of GPU-accelerated computing and is well known for its GPU technology. As of 2024’s third quarter, the company had 90% of the global GPU market share.

With the US government limiting exports of the company’s H20 artificial intelligence chip to China, NVIDIA Corporation (NASDAQ:NVDA) would be taking $5.5 billion in charges in its fiscal 2026 first-quarter results. According to the company, these charges are associated with H20 products for inventory, purchase commitments, and related reserves. While the United States has had restrictions on selling chips for use in China’s supercomputers since 2022, there is a risk that H20 could be used or diverted to supercomputers in the country. The US government has informed the chip maker that it has to have an export license to sell its H20 chips to China. Regardless of the $5.5 billion reserve related to the export restrictions, UBS analyst Timothy Arcuri maintained a Buy rating alongside a price target of $185 on the stock. Although Arcuri thinks that the requirement for licensing would potentially hinder the company’s capacity to exceed financial expectations and that removing the H20 chip line from financial models could reduce earnings per share by nearly $0.20, he sees it as a positive “clearing event” for the firm considering that it has planned to invest $500 billion in AI infrastructure in the US over the next four years.