Louis Navellier’s Top 10 Stock Picks Heading into 2025

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1. NVIDIA Corporation (NASDAQ:NVDA)

Navellier & Associates’ Stake Value: $67.32 million

Number of Hedge Funds Holders: 193

NVIDIA Corporation (NASDAQ:NVDA), a global leader in graphics computing and networking, leverages its GPUs to dominate the gaming and AI markets, contributing to its trillion-dollar valuation.

On November 22, Jefferies reaffirmed its Buy rating for NVIDIA Corporation (NASDAQ:NVDA) with a price target of $185. The firm projects sustained demand for NVIDIA’s Hopper products through mid-2025, with Blackwell products expected to face supply constraints well into late 2025 and potentially 2026. Insights from the SC24 industry conference further highlighted robust demand for NVIDIA’s offerings, consistent with the strong levels observed in 2023.

NVIDIA Corporation (NASDAQ:NVDA) reported a record $35.1 billion in total revenue, exceeding expectations, and forecasts $37.5 billion for the next quarter. The upcoming Blackwell chips are also anticipated to significantly drive revenues. Although initial ramp-up costs for Blackwell may temporarily pressure gross margins, the company expects them to stabilize at mid-70% levels in the latter half of the year.

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

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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