On November 14, Reuters reported that big hedge funds on Wall Street reduced their investments in the “Magnificent Seven” stocks in the third quarter. According to regulatory filings, the hedge funds have instead taken new positions in companies that focus on application software, e-commerce, and payments companies.
Many hedge funds also cut back on their holdings in well-known healthcare and energy companies during the third quarter, which ended on September 30.
This marks a shift from the previous quarter. In the second quarter, many more hedge funds were much more optimistic about large tech companies. This optimism was supported by a surge in AI valuations. However, those high valuations have started to drop.
During the third quarter, the market generally performed well. The S&P 500 gained almost 8%. The tech-heavy Nasdaq 100 index went up by about 9% during the quarter.
Lone Pine Capital and Tiger Global reduced their stakes in Meta Platforms, Inc. (NASDAQ:META) by 34.8% and 62.6%, respectively. Funds like Bridgewater and Coatue also cut their stakes in NVIDIA Corporation (NASDAQ:NVDA).
Bridgewater had a strong performance during the first nine months of 2025, outperforming other top funds. However, in the third quarter, Bridgewater cut its stake in NVIDIA Corporation (NASDAQ:NVDA) by nearly two-thirds, leaving it with just 2.5 million shares. The fund also reduced its exposure to other tech companies like Alphabet Inc. (NASDAQ:GOOGL). Instead, Bridgewater increased its investments in application software and payments companies like Adobe Inc. (NASDAQ:ADBE), Dynatrace, Inc. (NYSE:DT), and Etsy, Inc. (NYSE:ETSY).
These insights come from 13-F filings, which hedge funds and other institutional investors file at the end of every quarter.
With this background, let’s take a look at the 15 best aggressive growth stocks to buy right.
Our Methodology
To compile our list of the 15 best aggressive growth stocks to buy right now, we looked for stocks with a year-over-year revenue growth rate exceeding 35% as of November 14, 2025. To ensure the reliability of our findings, we consulted SeekingAlpha for the year-over-year revenue growth rate for each company. Next, we focused on the top 15 aggressive growth stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q2 2025 database of 983 elite hedge funds. Finally, the 15 best aggressive growth stocks to buy were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q2 2025.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
15 Best Aggressive Growth Stocks to Buy Right Now
15. Western Digital Corporation (NASDAQ:WDC)
Year-Over-Year Revenue Growth: 75.22%
Number of Hedge Fund Holders: 74
Western Digital Corporation (NASDAQ:WDC) ranks among the best aggressive growth stocks to buy right now. On November 10, Loop Capital increased its price target on Western Digital Corporation (NASDAQ:WDC) from $190 to $250 while maintaining a Buy rating.
Loop Capital expects demand for hard disk drive capacity to grow in 2025 and the selling price for higher capacity drives to increase. The research firm sees the economic dynamics for Western Digital Corporation (NASDAQ:WDC) as “materially accretive,” “durable,” and still in the “beginning stages.”
Previously, on October 31, UBS increased its price target on Western Digital Corporation (NASDAQ:WDC) from $135 to $145 but kept a Neutral rating. This update came after the company’s fiscal first quarter 2026 report, which UBS described as “solidly better” with good results and guidance. The research firm noted that strong demand, steady prices, and controlled supply helped push Western Digital Corporation’s (NASDAQ:WDC) margins higher.
UBS noted the industry’s hesitation to add more unit capacity, which might be pushing customers towards high-capacity enterprise SSDs (eSSDs). The firm expects this trend to continue as customers get used to using eSSDs for nearline capacity.
UBS increased its EPS estimates for 2026 and 2027 from $7.74/$7.05 to $8.17/$7.45. Despite this, the firm kept its Neutral rating and said that it preferred owning Micron Technology, Inc. (NASDAQ:MU) “in the broader storage/memory complex.”
Western Digital Corporation (NASDAQ:WDC) is an American company that manufactures hard disk drives and other data storage products.
14. Marvell Technology, Inc. (NASDAQ:MRVL)
Year-Over-Year Revenue Growth: 37.05%
Number of Hedge Fund Holders: 76
Marvell Technology, Inc. (NASDAQ:MRVL) ranks among the best aggressive growth stocks to buy right now. On October 31, JPMorgan reaffirmed its Buy rating on Marvell Technology, Inc. (NASDAQ:MRVL) with a $120 price target. This update comes before the company’s Q3 fiscal year 2026 results, which the company plans to release on December 2.
However, previously, on October 20, Barclays downgraded Marvell Technology, Inc. (NASDAQ:MRVL) from Overweight to Equalweight and kept its price target of $80. The research firm is concerned that Marvell Technology, Inc. (NASDAQ:MRVL) might not be able to achieve its data center targets for next year, even when the company has a strong intellectual property portfolio and is well-positioned in AI infrastructure development.
Marvell Technology, Inc. (NASDAQ:MRVL) is aiming to grow its share of the data center market from 13% of a $33 billion total addressable market in calendar year 2024 to 20% of a $94 billion total addressable market in calendar year 2028.
Despite the company’s plans, Barclays described Marvell Technology, Inc. (NASDAQ:MRVL) as “one of the biggest battleground stocks” in its coverage. The research firm noted that the future of the company is uncertain compared to other AI companies.
Looking beyond 2026, Barclays mentioned concerns about competition. The firm noted that the “lion’s share of AI XPU” appears to be going to Broadcom Inc. (NASDAQ:AVGO). Barclays also noted that Marvell Technology, Inc. (NASDAQ:MRVL) could lose market share in its core optical business.
Marvell Technology, Inc. (NASDAQ:MRVL) is an American company that develops and produces semiconductors and related technology for various applications, including AI, data centers, compute, networking, and storage infrastructure.
13. Palantir Technologies Inc. (NASDAQ:PLTR)
Year-Over-Year Revenue Growth: 47.23%
Number of Hedge Fund Holders: 78
Palantir Technologies Inc. (NASDAQ:PLTR) ranks among the best aggressive growth stocks to buy right now. On November 5, DA Davidson increased its price target on Palantir Technologies Inc. (NASDAQ:PLTR) from $170 to $215 and kept a Neutral rating.
The research firm noted that Palantir Technologies Inc. (NASDAQ:PLTR) had an “outstanding quarter” with revenue growth accelerating. This performance was driven by a “parabolic US demand for AI solutions.”
DA Davidson pointed out that the company is in a strong position to help customers deploy AI effectively through its Ontology platform. The firm sees Palantir Technologies Inc. (NASDAQ:PLTR) as “the best story in all of software.” DA Davidson indicated that valuation concerns prevent an upgrade from the current Neutral rating for the stock.
Earlier, on November 4, Cantor Fitzgerald also lifted its price target on Palantir Technologies Inc. (NASDAQ:PLTR) from $155 to $198 and kept a Neutral rating. This decision came after the company reported Q3 results, with revenue beating market expectations and the midpoint of the company’s guidance.
Cantor Fitzgerald’s checks suggest that Palantir Technologies Inc. (NASDAQ:PLTR) is in a unique position to benefit from AI adoption by enterprises and governments. Despite this, the research firm kept its Neutral rating because of valuation concerns as the stock trades at about five times higher than the firm’s infrastructure software coverage median.
Palantir Technologies Inc. (NASDAQ:PLTR) is an American software company that specializes in big data analytics and AI platforms. The company serves key government and commercial enterprises.
12. Amphenol Corporation (NYSE:APH)
Year-Over-Year Revenue Growth: 47.36%
Number of Hedge Fund Holders: 81
Amphenol Corporation (NYSE:APH) ranks among the best aggressive growth stocks to buy right now. On November 6, Amphenol Corporation (NYSE: APH) announced that it has closed its acquisition of Trexon from Audax Private Equity for about $1 billion in cash.
Trexon specializes in providing high-reliability interconnect and cable assemblies mainly for the defense industry. It is headquartered in Boston, Massachusetts and has facilities in the United States and the United Kingdom. According to Amphenol Corporation (NYSE:APH), Trexon is expected to have sales of approximately $290 million and EBITDA margins of about 26% in 2025.
Amphenol Corporation (NYSE:APH) will include Trexon in its Harsh Environment Solutions segment. This acquisition is also expected to be accretive to the company’s earnings per share in the first year post closing.
With the closing of this acquisition, Amphenol Corporation (NYSE:APH) plans to increase its technology solutions for its customers by combining Trexon’s strong portfolio of high-reliability cable assembly products with its high-technology interconnect offerings in the defense market.
Amphenol Corporation (NYSE:APH) is a leading global company that specializes in the design, manufacturing, and marketing of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable.
11. Robinhood Markets, Inc. (NASDAQ:HOOD)
Year-Over-Year Revenue Growth: 74.58%
Number of Hedge Fund Holders: 85
Robinhood Markets, Inc. (NASDAQ:HOOD) ranks among the best aggressive growth stocks to buy right now. On November 6, Cantor Fitzgerald increased its price target on Robinhood Markets, Inc. (NASDAQ:HOOD) from $130 to $155 and kept an Overweight rating.
This decision came after the company reported Q3 2025 results. Robinhood Markets, Inc. (NASDAQ:HOOD) reported revenue growth of 100% compared to the previous year. The company also reported big increases in trading activity as volumes of equity and option trading hit a new record in Q3. Additionally, Total Platform Assets grew 119% year-over-year to reach $333 billion. This growth was supported by record new deposits of $20.4 billion during Q3, which Cantor Fitzgerald noted was stronger compared to bigger competitors.
On November 6, Keefe, Bruyette & Woods also increased its price target on Robinhood Markets, Inc. (NASDAQ:HOOD) from $121 to $135 but kept a Market Perform rating.
The research firm raised its estimates for both net interest revenues and transaction revenues for Robinhood Markets, Inc. (NASDAQ:HOOD), citing stronger industry volume estimates, especially in options and equities.
Robinhood Markets, Inc. (NASDAQ:HOOD) is an American financial services and technology company that allows users to invest in stocks, options, futures, and cryptocurrencies through its platform.
10. Coinbase Global, Inc. (NASDAQ:COIN)
Year-Over-Year Revenue Growth: 47.38%
Number of Hedge Fund Holders: 87
Coinbase Global, Inc. (NASDAQ:COIN) ranks among the best aggressive growth stocks to buy right now. On November 3, Mizuho increased its price target on Coinbase Global, Inc. (NASDAQ:COIN) from $300 to $320 but kept a Neutral rating.
This update came after the company shared solid results for its third quarter of 2025. Institutional trading revenue improved, supported by the acquisition of Deribit and merger integration.
Coinbase Global, Inc.’s (NASDAQ:COIN) stablecoin revenue increased 44% year-over-year. This growth was driven by growing USDC balances and USDC market capitalization. Off-platform revenue accounted for about 55% of the company’s stablecoin revenue for the quarter.
Despite this, Mizuho is still cautious about Coinbase Global, Inc.’s (NASDAQ:COIN) future. The research firm highlighted potential risks to the company’s high retail take rates because of growing competition.
Mizuho is also concerned about Coinbase Global, Inc.’s (NASDAQ:COIN) increasing dependence on USDC, which now accounts for nearly 20% of the company’s total revenue. This reliance could be a problem, especially if interest rates fall and competition in the stablecoin market grows stronger.
Coinbase Global, Inc. (NASDAQ:COIN) is an American company that operates a platform for people and institutions to engage with crypto. It allows users to buy, sell, transfer, trade, stake, and store cryptocurrency assets.
9. Carvana Co. (NYSE:CVNA)
Year-Over-Year Revenue Growth: 45.55%
Number of Hedge Fund Holders: 91
Carvana Co. (NYSE:CVNA) ranks among the best aggressive growth stocks to buy right now. On October 30, Needham reiterated its Buy rating on Carvana Co. (NYSE:CVNA) with a price target of $500. This decision came after the company reported its Q3 2025 results.
In Q3 2025, Carvana Co. (NYSE:CVNA) sold nearly 156,000 retail units, 44% higher than the same time last year. The company’s revenue grew 55% year-over-year to reach $5.65 billion. Both of these are all-time quarterly records. This performance was driven by the company’s focus on identifying further fundamental gains, operating efficiencies, developing foundational capabilities, and still pushing for growth. The company’s revenue growth exceeded retail units sold growth mainly because of higher average selling prices.
Needham sees Carvana Co. (NYSE:CVNA) as the top large-cap growth opportunity in its coverage. The research firm believes the company has a clear, long-term growth path against what it views as a cautious near-term unit guidance compared to recent results.
Additionally, Needham pointed out that Carvana Co. (NYSE:CVNA) consistently executes its plans and offers long-term guidance. This shows the company’s strong business model and its growing advantage over competitors, who have shared more volatile performances.
The research firm compared the company to established market leaders in large markets like streaming and food delivery. According to Needham, Carvana Co. (NYSE:CVNA) should earn multiple expansion as a “long-term compounder.”
Carvana Co. (NYSE:CVNA) operates a platform for buying and selling used cars. It allows customers to browse, research, and purchase vehicles online. The company offers services like financing, trade-ins, and delivery.
8. Expand Energy Corporation (NASDAQ:EXE)
Year-Over-Year Revenue Growth: 227.53%
Number of Hedge Fund Holders: 93
Expand Energy Corporation (NASDAQ:EXE) ranks among the best aggressive growth stocks to buy right now. On October 30, UBS increased its price target on Expand Energy Corporation (NASDAQ:EXE) from $131 to $132 and maintained a Buy rating.
On the same day, UBS also raised its price target on Expand Energy Corporation (NASDAQ:EXE) from $135 to $136 and kept a Buy rating. These updates came after the company’s Q3 2025 results.
Investor interest in Expand Energy Corporation (NASDAQ: EXE) grew after the company revealed that it expects to produce more gas in 2025 while also reducing capital expenditures. The company lowered the midpoint of full-year 2025 capital expenditures guidance by $75 million to $2.85 billion. Expand Energy Corporation (NASDAQ:EXE) also raised the midpoint of full-year 2025 production guidance by 50 million cubic feet of gas equivalent per day (MMcfe/d) to 7.15 billion cubic feet of gas equivalent per day (Bcfe/d).
Compared to 2023, Expand Energy Corporation (NASDAQ: EXE) has cut its well costs by over 25%. The company also expects to capture about $500 million in annual synergies in 2025 and ultimately achieve $600 million in annual synergies by the end of 2026.
Looking ahead, Expand Energy Corporation (NASDAQ:EXE) expects natural gas demand to grow by 20% by the end of the decade. This growth is expected to be driven by LNG, power, and industrial demands. In the second half of 2025, the company has already acquired about 82,500 net acres of value-accretive leasehold across Western Haynesville and Southwest Appalachia.
Expand Energy Corporation (NASDAQ:EXE) is the largest natural gas-producing company in the United States.
7. Micron Technology, Inc. (NASDAQ:MU)
Year-Over-Year Revenue Growth: 48.85%
Number of Hedge Fund Holders: 94
Micron Technology, Inc. (NASDAQ:MU) ranks among the best aggressive growth stocks to buy right now. On November 10, Mizuho analyst Vijay Rakesh reiterated an Outperform rating on Micron Technology, Inc. (NASDAQ:MU) with a price target of $265. This update came after virtual meetings with the company’s executives, including CFO Mark Murphy.
Rakesh pointed out that demand for high bandwidth memory (HBM) looks strong through 2026 and 2027. The analyst also noted that around 40% of Micron Technology, Inc.’s (NASDAQ:MU) DRAM business could see improvements in revenue and margins in the February quarter because of strong pricing trends.
Mizuho is also optimistic about Micron Technology, Inc.’s (NASDAQ:MU) HBM roadmap, which includes AI-specialized HBM4e, custom HBM solutions, and in-memory computing capabilities. These should lead to an increase in DRAM content and an improvement in pricing.
The firm’s analyst noted that in the NAND flash memory business, capital expenditure is disciplined while AI server demand grows for QLC enterprise solid-state drives (eSSDs). Rakesh also noted that the supply of hard disk drives (HDDs) is tight.
Previously, on November 7, Wells Fargo analyst Aaron Rakers increased the price target on Micron Technology, Inc. (NASDAQ:MU) from $220 to $300 and kept an Overweight rating after hosting meetings with the company’s CEO, Sanjay Mehrotra and Executive Vice President of Global Operations, Manish Bhatia.
The research firm said these meetings confirmed its positive view of Micron Technology, Inc.’s (NASDAQ:MU) execution and strong market position as well as the memory industry outlook.
Micron Technology, Inc. (NASDAQ:MU) is a leading semiconductor technology company that is known for its innovative memory and storage solutions. The company offers a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.
6. EQT Corporation (NYSE:EQT)
Year-Over-Year Revenue Growth: 66.75%
Number of Hedge Fund Holders: 96
EQT Corporation (NYSE:EQT) ranks among the best aggressive growth stocks to buy right now. On October 22, Scotiabank reiterated its Sector Perform rating on EQT Corporation (NYSE:EQT) with a price target of $70.
This decision came after the company reported results for the third quarter of 2025. EQT Corporation (NYSE:EQT) shared impressive figures for Q3 2025 in production, capital expenditure, and free cash flow. The company highlighted operational efficiencies as the main reason behind this strong performance. During the quarter, EQT Corporation (NYSE:EQT) set multiple records, such as the highest pumping hours in a month, the fastest quarterly completion speed, and the most lateral footage drilled and completed in a 24-hour period.
EQT Corporation (NYSE:EQT) shared that capital expenditures for Q3 2025 were 10% lower than the midpoint of its guidance. These savings were due to ongoing efficiency gains and midstream cost optimization.
Additionally, EQT Corporation (NYSE:EQT) had a strong and oversubscribed open season on its MVP boost expansion project. The company has decided to increase the size of the project by 20%.
Scotiabank pointed out a number of potential catalysts for EQT Corporation (NYSE:EQT). These include continued Equitrans synergy capture, debt reduction as the company targets a maximum of $5 billion of total debt, continued gathering system optimization, and direct supply agreements.
EQT Corporation (NYSE:EQT) is an American vertically integrated natural gas company with production and midstream operations focused in the Appalachian Basin.
5. AppLovin Corporation (NASDAQ:APP)
Year-Over-Year Revenue Growth: 98.48%
Number of Hedge Fund Holders: 109
AppLovin Corporation (NASDAQ:APP) ranks among the best aggressive growth stocks to buy right now. On November 6, Piper Sandler increased its price target on AppLovin Corporation (NASDAQ:APP) from $740 to $800 and kept an Overweight rating on the stock.
This decision by the firm came after AppLovin Corporation (NASDAQ:APP) reported its results for the third quarter of 2025.
AppLovin Corporation (NASDAQ:APP) reported revenue that beat market estimates by a mid-single-digit margin. The company also provided strong forward guidance for the fourth quarter of 2025. It projects revenue to grow 12-14% quarter-over-quarter, or 57-60% compared to the fourth quarter of last year.
Piper Sandler also pointed out that AppLovin Corporation’s (NASDAQ:APP) Axon Ads Manager roll-out has been performing very well, with spending rising 50% week-over-week since early October.
The research firm noted that the strong guidance by the company is mainly supported by improved gaming seasonality and growth in spending from the current e-commerce customers. These estimates do not include the possible impact from new advertisers that are not onboarded yet.
AppLovin Corporation (NASDAQ:APP) is an American technology company that offers end-to-end software and AI solutions for businesses of all sizes to reach, monetize, and grow their audiences.
4. MercadoLibre, Inc. (NASDAQ:MELI)
Year-Over-Year Revenue Growth: 36.94%
Number of Hedge Fund Holders: 116
MercadoLibre, Inc. (NASDAQ:MELI) ranks among the best aggressive growth stocks to buy right now. On October 30, Cantor Fitzgerald lowered its price target on MercadoLibre, Inc. (NASDAQ:MELI) from $2,900 to $2,750 and kept an Overweight rating.
This decision came after MercadoLibre, Inc. (NASDAQ:MELI) reported Q3 2025 results with gross merchandise volume (GMV) and revenue exceeding Street estimates. However, operating income was below market expectations.
Cantor Fitzgerald noted that current investments are affecting the company’s margins. However, the firm pointed out that MercadoLibre, Inc. (NASDAQ:MELI) is seeing “strong momentum in several businesses” and has “plenty of runway to improve profitability over the medium term.”
On October 30, Benchmark also reduced its price target on MercadoLibre, Inc. (NASDAQ:MELI) from $2,875 to $2,780.00 and kept a Buy rating.
MercadoLibre, Inc. (NASDAQ:MELI) had an impressive Q3 2025, helped by ongoing investments in logistics and marketing initiatives. The company also reduced the free shipping threshold in Brazil, which increased buyer activity and market share gains. Benchmark expects the company to keep prioritizing growth over margins.
MercadoLibre, Inc. (NASDAQ:MELI) is the leading e-commerce and financial technology company in Latin America with a presence in 18 countries.
3. Eli Lilly and Company (NYSE:LLY)
Year-Over-Year Revenue Growth: 45.41%
Number of Hedge Fund Holders: 119
Eli Lilly and Company (NYSE:LLY) ranks among the best aggressive growth stocks to buy right now. On November 7, TD Cowen reiterated its Buy rating on Eli Lilly and Company (NYSE:LLY) with a price target of $960. This update came after the company announced an agreement with the US government to expand access to obesity medicines.
Starting April 1, 2026, Medicare beneficiaries will not have to pay more than $50 per month for Zepbound (tirzepatide), which comes in a multi-dose pen, and for orforglipron, Eli Lilly and Company’s (NYSE:LLY) once-daily pill for obesity. This depends on both medicines getting approval from the FDA. States will also be able to make these medicines available through Medicaid.
After approval from the FDA, patients paying on their own would be able to get these medicines through LillyDirect’s self-pay pharmacy channel. The lowest dose of Zepbound multi-dose pen will cost $299, with more doses up to $449, which is $50 lower than current direct-to-patient prices. Orforglipron will start at $149 for the lowest dose, with additional doses up to $399.
Eli Lilly and Company (NYSE:LLY) also shared that Emgality (galcanezumab-gnlm), Trulicity (dulaglutide), and Mounjaro (tirzepatide) will also be sold to self-pay patients through LillyDirect at prices 50-60% less than the current list prices.
TD Cowen noted that while there is still some uncertainty, the long-term impact of this pricing deal could be “relatively modest.” The research firm noted that the agreement speeds up price drops for these medicines but highlighted that this could be offset by more sales and patient adherence. TD Cowen also sees Medicare coverage for Zepbound as a clear positive sign.
Eli Lilly and Company (NYSE:LLY) is an American multinational pharmaceutical company focused on discovering, developing, and delivering innovative medicines.
2. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Year-Over-Year Revenue Growth: 36.96%
Number of Hedge Fund Holders: 187
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks among the best aggressive growth stocks to buy right now. On November 11, Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) Board of Directors held a meeting and approved a budget of about $14.98 billion to support the company’s long-term capacity plans, which are based on market demand forecasts and the company’s technology development plans.
According to the report by Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), this capital will be used for fab construction, installation of fab facility systems, expanding advanced technology and packaging capabilities, and funding research and development in 2026, among other things.
Earlier, on November 10, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shared its revenue details for October 2025.
The company reported that its total revenue for October 2025 was around TWD 367.47 billion. This represents an increase of 11% from September 2025 and 16.9% year-over-year. For the period from January to October 2025, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported a revenue of TWD 3,130.44 billion, up 33.8% compared to the same period in 2024.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company that manufactures, packages, and tests integrated circuits for various industries.
1. NVIDIA Corporation (NASDAQ:NVDA)
Year-Over-Year Revenue Growth: 71.55%
Number of Hedge Fund Holders: 235
NVIDIA Corporation (NASDAQ:NVDA) ranks among the best aggressive growth stocks to buy right now. On November 7, Reuters reported that NVIDIA Corporation’s (NASDAQ:NVDA) CEO Jensen Huang stated that there are no active talks about selling the company’s latest Blackwell AI chips to China. The Trump administration has stopped these chips from being sold to China because of concerns that they could help the Chinese AI industry and military.
The US has permitted NVIDIA Corporation (NASDAQ:NVDA) to sell its H20 chip in China, but Huang has repeatedly made it clear that China does not want NVIDIA Corporation (NASDAQ:NVDA) products to serve the Chinese market. As a result, the company’s market share is zero in China. Huang said he hopes China will change its policy.
The company’s CEO also clarified his recent comments that were quoted in a Financial Times report. Huang explained that he did not say China would win the AI race. Instead, he said China has “very good AI technology.” He also mentioned that half of the world’s AI researchers are in China and the most popular open-source AI models come from China. NVIDIA Corporation’s (NASDAQ:NVDA) CEO said China is moving “very very fast,” and the US must also move incredibly fast to stay competitive.
Despite these challenges with China, on November 8, Reuters reported that Huang said NVIDIA Corporation (NASDAQ:NVDA) faces “very strong demand” for its Blackwell chips. The company has also increased its demand for wafers from Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM).
When asked about memory shortages, NVIDIA Corporation’s (NASDAQ:NVDA) CEO said business is growing well but there will be shortages in different areas. He pointed out that the company has “three very, very good memory makers – SK Hynix, Samsung, Micron – are all incredibly good memory makers, and they have scaled up tremendous capacity” to support NVIDIA Corporation (NASDAQ:NVDA).
NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company known for producing graphics processing units (GPUs), AI hardware and software, and high-performance computing (HPC) solutions.
While we acknowledge the potential of NVDA as an investment, 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 a 100x upside potential, check out our report about this cheapest AI stock.
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