5 Best Forever Stocks to Buy Now

2. Nvidia Corp (NASDAQ:NVDA)

Stock Upside Potential: 50.10%

Number of Hedge Fund Holders: 264

Nvidia Corp (NASDAQ:NVDA) is one of the best forever stocks to buy now. On March 17, Nvidia Corp (NASDAQ:NVDA) secured Chinese approval to sell its second most powerful chip in the country.

The long-awaited approval paves the way for the US company to resume sales of the H200 Chips, which have been at the center of US-China tensions. Chief Executive Officer Jensen Huang has announced that the company is ramping up production to address strong Chinese demand. According to Huang, the company is licensed for many customers in China.

Last month, Nvidia received US approval to ship only a small number of H200 accelerators to China. The company has been on the fringes, awaiting approval from both the US and China, which are entangled in a fierce battle in the artificial intelligence race. The approval is a significant milestone, given that China accounted for nearly a quarter of its total revenues before the ban. Consequently, the Asian nation is an important aspect of the company’s long-term prosperity.

Nvidia Corp (NASDAQ:NVDA) designs and sells high-performance Graphics Processing Units (GPUs) and AI software, acting as the primary infrastructure provider for modern AI, data centers, and gaming. Its chips specialize in parallel processing, powering generative AI (like ChatGPT), autonomous vehicles, robotics, and professional visualization.