13 Hot Stocks to Invest in Right Now

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2. NVIDIA Corporation (NASDAQ:NVDA)

Avg Volume: 172.86 million

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) ranks among the hot stocks to invest in right now. On September 9, NVIDIA Corporation (NASDAQ:NVDA) announced that by the end of next year, it would introduce a new artificial intelligence chip capable of managing sophisticated tasks, including creating software and videos. The “Rubin CPX” chips will be built on NVIDIA’s next-generation Rubin architecture, the replacement for the company’s recent “Blackwell” technology, which signaled NVIDIA’s entry into providing larger processing systems.

According to the company, processing an hour of video footage can take up to one million tokens for AI models, which is difficult for conventional GPUs to accomplish. NVIDIA Corporation (NASDAQ:NVDA) plans to address this by incorporating several stages of the lengthy processing sequence onto its new chip.

NVIDIA Corporation (NASDAQ:NVDA) states that investing $100 million in these new systems might contribute to $5 billion in token revenue, as Wall Street places a greater emphasis on the return on hundreds of billions of dollars spent on AI hardware.

NVIDIA Corporation (NASDAQ:NVDA), a world leader in networking and graphics processing, provides GPUs for the AI, gaming, HPC, and other industries.

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