Louis Navellier’s Top 15 Long-Term Stock Picks

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1. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 193 

Navellier & Associates’ Stake: $67.3 million

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. There are multiple factors grabbing investors’ attention in the stock, such as its robust financial performance, innovative tech projects, and technological advancements, adapting to the current modern needs of the world. For instance, as per the report of the third quarter of 2024, the total revenue reported was $35.1 billion, up 17% from the previous quarter and up 94% from the previous year. This high growth is driven by the demand for the Hopper computing platform, which is necessary for all AI applications. Subsequently, there was also a 15% rise in gaming revenue, which also played its part in boosting sales of GeForce RTX 40 Series GPUs. Moreover, NVIDIA Corp has announced the project DIGITS, a personal AI supercomputer powered by the GB10 Grace Blackwell Superchip, capable of providing generative models with up to 200 billion parameters. With AI advancement, such projects can offer growth potential and long-term value for investors.

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

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