12 Best Big Tech Stocks to Buy According to Wall Street Analysts 

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6. NVIDIA Corporation (NASDAQ:NVDA)

Analyst Upside: 43.16%

NVIDIA Corporation (NASDAQ:NVDA) is one of the best big tech stocks to buy according to Wall Street analysts. Reuters reported on June 11 that, according to a post by ‌Andrews on LinkedIn on Thursday, after Reuters reported his appointment, NVIDIA Corporation (NASDAQ:NVDA) hired veteran lobbyist Bruce Andrews to head ​government affairs in Washington, D.C. It further reported that the appointment has come at a time when the company is attempting to bolster its continued influence in Washington, in a backdrop where its ties to China, where the company wants to continue growing, are facing renewed scrutiny. Reuters added that NVIDIA Corporation (NASDAQ:NVDA) declined to ⁠comment.

In another development, Reuters reported on June 17 that the United States government awarded $500 million on ​Wednesday to startup SandboxAQ, which is backed by NVIDIA Corporation (NASDAQ:NVDA), for the development of new chemicals and materials for domestic semiconductor manufacturing. This includes alternatives to PFAS and rare ‌earth imports, and the award is part of President Donald Trump’s move to allocate research funds under the CHIPS Act. Reuters also provided additional context, reporting that this effort previously funded a $150 million investment in new chip manufacturing tools and a $2 billion investment in quantum computing.

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 the cheapest AI stock.

Click to continue reading and see the 5 Best Big Tech Stocks to Buy According to Wall Street Analysts.

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