10 Best High Beta Stocks to Buy Now

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1. Nvidia Corp. (NASDAQ:NVDA)

Beta: 2.1

Potential Upside: 23.6%

Number of Hedge Fund Holders: 235

Nvidia Corp. (NASDAQ:NVDA) is one of the best high-beta stocks to buy now. On September 4, Mizuho Securities analyst Vijay Rakesh and Phillip Securities analyst Yik Ban Chong also reaffirmed a Buy rating and raised their target prices, citing continued momentum across the business.

These views follow Bernstein analyst Stacy Rasgon’s move on August 28 to raise his price target to $225 from $185, while maintaining an Outperform rating, after the company’s latest quarterly results.

Reading into the earnings results, Rasgon had acknowledged some investor concerns, including sequential declines in computing revenues and an in-line data center guidance. However, he emphasized that these reflected ongoing uncertainty in China rather than structural weakness. Importantly, guidance pointed to a sharp acceleration in the Blackwell ramp heading into the next quarter, supporting his view that Nvidia Corp.’s (NASDAQ:NVDA) core fundamentals remain intact and robust.

Together, this set of analyst updates underscores broad confidence in Nvidia’s growth trajectory. While near-term noise remains tied to China dynamics, Nvidia’s leadership in AI computing and strong product cycle visibility continue to anchor the bullish case.

The successive upward revisions in price targets reflect conviction that demand drivers remain in place, reinforcing Nvidia Corp.’s (NASDAQ:NVDA) position as one of the most compelling large-cap growth stories in the semiconductor sector.

Nvidia Corp. (NASDAQ:NVDA) designs and manufactures graphics processing units (GPUs), system-on-a-chip units (SoCs), and AI hardware and software.

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 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Overlooked Large-Cap Stocks with Low Multiples and 10 Best Stocks for a 20 Year Long-Term Stock Portfolio.

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