1. NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NASDAQ:NVDA) is one of the best stocks with huge upside potential to buy according to Reddit. Reuters reported on March 5 that NVIDIA Corporation (NASDAQ:NVDA) has stopped production of its second-most advanced artificial intelligence chips, known as H200 chips, intended for the Chinese market, according to a report by Financial Times. The report further stated that it has reallocated manufacturing capacity at chip contract maker TSMC away from making H200 chips to its next-generation Vera Rubin hardware. Reuters also reported that it could not immediately verify the report and that the two companies did not immediately respond to requests for comment.
In another development, Wedbush lifted the price target on NVIDIA Corporation (NASDAQ:NVDA) to $300 from $230 on March 3, maintaining an Outperform rating on the shares and telling investors that although the fiscal Q4 acceleration in data center sales was impressive given the law of large numbers, it would call out Q1 2027 sales guidance in particular as being the highlight of the call. Wedbush believes this outlook was well in excess of prior buy-side expectations.
NVIDIA Corporation (NASDAQ:NVDA) also announced on February 28 a commitment to build the world’s next generation of wireless networks on AI-native, open, secure, and trustworthy platforms, together with Booz Allen, BT Group, Cisco, Deutsche Telekom, Ericsson, MITRE, Nokia, OCUDU Ecosystem Foundation, ODC, SK Telecom, SoftBank Corp., and T-Mobile. It stated that the initiative reflects a shared commitment to ensure 6G infrastructure is open, intelligent, resilient, and accelerates innovation while safeguarding global trust.
NVIDIA Corporation (NASDAQ:NVDA) further stated that the 6G wireless networks would become the fabric for physical AI, enabling billions of autonomous machines, sensors, robots, and vehicles while considerably increasing demands for security and trust.
NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.
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 this cheapest AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
