1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q1 2024: 186
NVIDIA Corporation (NASDAQ:NVDA) is the most popular stock in the media when it comes world changing technologies. This is because it can transform the world through artificial intelligence and robotics, according to media reports. NVIDIA Corporation (NASDAQ:NVDA) offers products such as its GR00T model to make AI powered humanoid robots and the Thor system on chip processor for robots. This means that the firm provides an end to end platform that directly targets the robotics industry and is more relevant than say, Rockwell Automation’s products. On the AI front, NVIDIA Corporation (NASDAQ:NVDA)’s GPUs are industry leaders in performance and offer users the key ability to fine tune performance via CUDA. At the same time, the firm’s AI leadership, which has also led to a tight GPU supply and higher prices, could spur big tech into action and develop its own products to relieve some of the pressure. Additionally, any worries about product execution, as evidenced by the recent reports of Blackwel GPU delays, could lead to headwinds for the shares.
NVIDIA Corporation (NASDAQ:NVDA)’s management shared details for Blackwell during the Q1 2025 earnings call:
“At GTC in March, we launched our next-generation AI factory platform, Blackwell. The Blackwell GPU architecture delivers up to 4x faster training and 30x faster inference than the H100 and enables real-time generative AI on trillion-parameter large language models. Blackwell is a giant leap with up to 25x lower TCO and energy consumption than Hopper. The Blackwell platform includes the fifth-generation NVLink with a multi-GPU spine and new InfiniBand and Ethernet switches, the X800 series designed for a trillion parameter scale AI. Blackwell is designed to support data centers universally, from hyperscale to enterprise, training to inference, x86 to Grace CPUs, Ethernet to InfiniBand networking, and air cooling to liquid cooling.
Blackwell will be available in over 100 OEM and ODM systems at launch, more than double the number of Hopper’s launch and representing every major computer maker in the world. This will support fast and broad adoption across the customer types, workloads and data center environments in the first year shipments. Blackwell time-to-market customers include Amazon, Google, Meta, Microsoft, OpenAI, Oracle, Tesla, and xAI. We announced a new software product with the introduction of NVIDIA Inference Microservices or NIM. NIM provides secure and performance-optimized containers powered by NVIDIA CUDA acceleration in network computing and inference software, including Triton Inference Server and TensorRT LLM with industry-standard APIs for a broad range of use cases, including large language models for text, speech, imaging, vision, robotics, genomics and digital biology.”
NVDA, unsurprisingly, leads the list of stocks that can change the world. But our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None.
