6. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 264
Appaloosa Management Equity Stake: $317.05 Million
NVIDIA Corporation (NASDAQ:NVDA) is one of the best AI stocks to buy for 2026, according to billionaire David Tepper. On May 9, NVIDIA Corporation (NASDAQ:NVDA) announced that its board has appointed Suzanne Nora Johnson to join as a director and audit committee member, effective July 13, 2026. The move expands the board from ten to eleven members and strengthens governance at the $5.14 trillion semiconductor giant, which holds an “EXCELLENT” financial health score. Johnson will receive restricted stock unit grants valued at $255,000, vesting semi‑annually over three years, along with a pro‑rated annual equity grant, with portions vesting in late 2026 and mid‑2027.
On May 8, Reuters reported that SoftBank has opened discussions with NVIDIA Corporation (NASDAQ:NVDA) about the possibility of building made-in-Japan artificial intelligence servers.
The Japanese telecom giant has engaged Nvidia as part of an effort to build a production system that, by the end of the decade, will initially assemble components externally. The unit is to focus on high-performance servers capable of running advanced graphics processing units at high speeds.
On the other hand, Nvidia has inked a strategic partnership with IREN Limited to accelerate the deployment of next-generation AI infrastructure. The partnership is to support the deployment of 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN’s data center pipeline. The two are also to accelerate the deployment of NVIDIA-accelerated compute in DSX AI factories to expand access for AI-native startups and enterprise customers.
NVIDIA Corporation (NASDAQ:NVDA) is the world leader in AI computing, functioning as the fundamental infrastructure provider for the artificial intelligence industry. The company provides a full-stack platform—comprising specialized hardware, software, and services—that powers everything from AI model training and data center operations to edge AI and robotics.
While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see the 5 Best AI Stocks to Buy for 2026 According to Billionaire David Tepper.
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