12 Best Stocks to Buy and Hold For 10 Years

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company that designs and manufactures graphics processing units (GPUs), which play a vital role in gaming, professional applications, and AI. The company is a leader in AI hardware and software and is also known for its high-performance computing (HPC) solutions. NVIDIA Corporation (NASDAQ:NVDA) ranks among the best stocks to buy and hold for 10 years.

On April 16, Mizuho Securities kept an “Outperform” rating on NVIDIA Corporation (NASDAQ:NVDA) with a price target of $168. This decision came even after the corporation’s recent 8-K filing revealed new export restrictions imposed by the US Government that are expected to affect shipments of NVIDIA’s H20 series products to China, including Hong Kong, and to other countries under US arms embargoes. NVIDIA Corporation (NASDAQ:NVDA) said these new restrictions could impact about $5.5 billion in revenue, which is a large part of the estimated $16 billion in H20 orders. This suggests that over $10 billion worth of these products could have already been shipped for the calendar year 2025. Despite these export restrictions, Mizuho analysts have a positive outlook on NVIDIA Corporation’s (NASDAQ:NVDA) future prospects. This optimism is supported by the shipment of the GB200 series and the company’s increased capacity to test more complex GPU racks. Mizuho analysts also noted that NVIDIA Corporation (NASDAQ:NVDA) is well-positioned to target huge markets like the AI market worth over $1 trillion, a $500 billion enterprise AI sector, and a $50 trillion robotics market.