14 Best American Tech Stocks to Buy Now

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5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) is an American technology company that engineers advanced chips, systems, and software for AI-driven solutions. The company’s graphics processing units (GPUs) are used in AI solutions and play a crucial role in AI infrastructure. NVIDIA Corporation (NASDAQ:NVDA) ranks among the best American stocks to invest in.

On April 7, Bernstein analysts reiterated an “Outperform” rating on NVIDIA Corporation (NASDAQ:NVDA) with a price target of $185. The analysts addressed investor concerns about the impact of tariffs on the company’s AI datacenter products and explained that the Mexico-sourced servers may be exempt from these tariffs. While semiconductors are largely exempted from recent reciprocal tariffs, NVIDIA Corporation’s (NASDAQ:NVDA) hardware products are generally subject to these tariffs. However, products from Mexico are exempt from new tariffs imposed by the Trump administration under the current US-Mexico-Canada Agreement (USMCA). The analysts pointed out that the “Trump Tariff Tsunami” has caused a market downturn that has affected not just NVDA but many companies. The analysts noted that the current market conditions are challenging but expressed confidence in NVIDIA Corporation’s (NASDAQ:NVDA) ongoing relevance in the AI industry. The analysts suggest that NVIDIA Corporation (NASDAQ:NVDA) presents an attractive investment opportunity because of its current valuation.

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