5 Best AI Data Center Stocks to Buy Right Now

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 264  

The hype around NVIDIA Corporation (NASDAQ:NVDA) has slowed a bit, with the stock transitioning from triple-digit discovery gains to a more mature growth phase. However, the smart money continues to accumulate shares in the firm based on the rollout of the Vera Rubin architecture and the emergence of Agentic AI. The primary catalyst for the stock in Q2 2026 is the Vera Rubin platform, unveiled at GTC 2026. The Vera Rubin platform integrates seven new chips, including the Vera CPU and Rubin GPU, into a single vertically integrated supercomputer. Rubin is designed to cut inference token costs by up to 10x. This performance is viewed as critical for maintaining NVIDIA’s dominance as the market shifts towards inference models.

Elite investors have also been following NVIDIA Corporation (NASDAQ:NVDA) Jensen Huang’s thesis that AI is moving from simple chatbots to agents that take autonomous actions. Agentic AI requires significantly more compute because agents run repeated reasoning loops. The new Vera CPU is the first processor purpose-built for reinforcement learning and agent orchestration. In this context, the capex of top tech firms is also being monitored. Combined AI infrastructure spending from these titans is projected to approach $700 billion in 2026. Despite concerns about AI fatigue, top investors see that Blackwell systems are sold out through late 2026, and the production ramp for Vera Rubin is already being priced into 2027 earnings models.

While we acknowledge the potential of NVDA to grow, 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 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Billionaire David Tepper’s 10 Small and Midcap Stock Picks with Huge Upside Potential and 10 Best Stocks to Invest In According to Billionaire Steve Cohen.

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