10 Best NASDAQ Stocks to Buy For Long Term

3. NVIDIA Corporation (NASDAQ:NVDA)

5-Year Revenue CAGR: 65.80%

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the best NASDAQ stocks to buy for the long term. On September 16, Reuters reported that NVIDIA Corporation’s (NASDAQ:NVDA) newest AI chip for the Chinese market, RTX6000D, is not selling well.

According to two people with knowledge of the procurement discussions, some big tech companies in China have decided not to place orders for NVIDIA Corporation’s (NASDAQ:NVDA) RTX6000D.

The RTX6000D is mainly designed for AI inference tasks, but it is seen as too expensive for what it can do. Testing of samples showed that its performance is worse than the RTX5090. While the RTX5090 is banned by the US from being used in China, it is still available through grey market channels for less than half the price of RTX6000D.

Chinese tech giants are also waiting to find out if they can place orders for NVIDIA Corporation’s (NASDAQ:NVDA) H20 chip. In July, NVIDIA Corporation (NASDAQ:NVDA) was allowed to sell the H20 again, but shipments have not yet restarted. The tech firms are also hoping that NVIDIA Corporation’s (NASDAQ:NVDA) B30A chip, which is much stronger than the H20, will get approval from Washington.

The disappointing interest in the RTX6000D is different from what some analysts expected. In August, JPMorgan said that it expected 1.5 million RTX6000Ds to be produced in the second half of 2025. Morgan Stanley also forecasted in July that NVIDIA Corporation (NASDAQ:NVDA) would have 2 million of these chips in its pipeline.

NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company that specializes in AI hardware and software, and high-performance computing (HPC) solutions.