15 Best American Tech Stocks to Buy Right Now

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4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the best American stocks to buy right now in the tech industry. On September 22, Reuters reported that NVIDIA Corporation (NASDAQ:NVDA) is set to invest up to $100 billion in OpenAI.

The companies have signed a letter of intent to deploy at least 10 gigawatts of NVIDIA Corporation (NASDAQ:NVDA) systems for OpenAI’s next-generation AI infrastructure. Many analysts have shared their views about this partnership.

Matt Britzman, senior equity analyst at Hargreaves Lansdown, said:

“For Nvidia, the prize is huge — every gigawatt of AI data centre capacity is worth about $50 billion in revenue, meaning this project could be worth as much as $500 billion.

By locking in OpenAI as a strategic partner and co-optimizing hardware and software roadmaps, Nvidia is ensuring its GPUs remain the backbone of next-gen AI infrastructure.

The market is clearly big enough for multiple players, but this deal underscores that, when it comes to scale and ecosystem depth, Nvidia is still setting the pace — and raising the stakes for everyone else.”

Jacob Bourne, tech analyst at eMarketer, said:

“Demand for Nvidia GPUs is effectively baked into the development of frontier AI models, and deals like this should also ease concerns about lost sales in China.

It also throws cold water on the idea that rival chipmakers or in-house silicon from the Big Tech platforms are anywhere close to disrupting Nvidia’s lead.”

David Wagner, portfolio manager at Aptus Capital Advisors, said:

“Nvidia continues to double-down on AI as we always figured that CEO Jensen Huang would want to invest downward into AI factories – this announcement is much earlier than many would have expected.”

NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company that makes graphics processing units (GPUs), AI hardware and software, and high-performance computing (HPC) solutions.

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