ChatGPT Stock Advice: 10 Recent Stock Recommendations

6. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 179

Concerns have emerged regarding a potential delay in NVIDIA’s product shipments due to a minor design issue, which could shift expected volumes from Q4 to Q1. To counter this, NVIDIA Corporation (NASDAQ:NVDA) is increasing production of its existing “Hopper” architecture to manage the impact. Despite these issues, demand for NVIDIA’s AI chips remains robust, with the company anticipated to continue its growth trajectory.

Arya believes that potential delays in NVIDIA’s new Blackwell chip will be minor and not significantly impact overall demand, as NVIDIA’s existing Hopper products continue to be in high demand. The company’s impressive financial performance includes a revenue of $30 billion, a 15% sequential increase and 122% year-over-year rise, surpassing expectations. The data center segment generated a record $26.3 billion, driven by demand for NVIDIA Corporation (NASDAQ:NVDA)’s Hopper architecture and GPU computing.

Analyst Vivant Arya highlights that, despite market volatility affecting semiconductor stocks, NVIDIA’s strong fundamentals are intact. Major customers like Amazon, Meta, Microsoft, and Google are increasing AI investments, suggesting continued demand for NVIDIA’s products. Additionally, Taiwan Semiconductor, a key supplier, has issued a positive outlook, and partner Supermicro expects 90% sales growth next year.

Looking ahead, NVIDIA Corporation (NASDAQ:NVDA) expects Q3 revenue of $32.5 billion, bolstered by ongoing growth in its data center business and Blackwell production. The company remains well-positioned to maintain strong margins and advance its next-generation products.