10 Best American Semiconductor Stocks to Buy Now

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 212

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Best American Semiconductor Stocks to Buy Now. On May 29, Citi analysts raised the price target for NVIDIA Corporation (NASDAQ:NVDA) from $150 to $180 and kept a Buy rating. This decision came after the company’s April-quarter results that met forecasts. NVIDIA Corporation (NASDAQ:NVDA) projects revenue to be $45 billion in the July-quarter, which is around $1 billion higher than Citi’s estimates. This strong performance and outlook shows that the company has effectively managed the difficult transition following the China H20 ban.

NVIDIA Corporation’s (NASDAQ:NVDA) Blackwell product line generated $24 billion in sales, exceeding the expected $20 billion. The company’s management has also confirmed its target of achieving gross margins in the mid-70s range later this year, showing confidence due to improving Blackwell profitability.

Citi revised its earnings per share (EPS) forecasts for NVIDIA Corporation (NASDAQ:NVDA) for fiscal years 2026, 2027, and 2028. The firm now expects flat EPS growth for fiscal year 2026, a 9% increase in fiscal year 2027, and a 5% rise in fiscal year 2028. These changes reflect expectations of higher gross margins.

While we acknowledge the potential of NVDA as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None.

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