5 Best NASDAQ Growth Stocks to Buy and Hold Forever

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1. NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) is one of the best NASDAQ growth stocks to buy and hold forever. On April 23, NVIDIA entered into a strategic agreement with Oklo Inc. and Los Alamos National Laboratory/LANL to integrate its AI and accelerated computing infrastructure with advanced nuclear technology. The collaboration focuses on developing nuclear-powered AI factories, combining NVIDIA’s high-performance compute and digital twin capabilities with advanced reactor platforms.

The partnership aims to create the critical infrastructure necessary to support the federal government’s Genesis Mission and accelerate the deployment of high-assurance energy for data centers. Under the agreement, NVIDIA Corporation’s (NASDAQ:NVDA) AI technology will power physics- and chemistry-based inference models designed to support nuclear fuel research and development. These models will specifically assist in the validation and fabrication of plutonium-bearing fuels for Oklo’s Pluto reactor.

By using modeling and simulation, the partners intend to streamline the R&D process for materials science, bringing together advanced reactor deployment and world-class high-performance computing to solve complex energy challenges. The collaboration also includes comprehensive studies on grid reliability, redundancy, and stabilization to ensure that AI factories have resilient, dedicated power sources.

NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces/APIs, and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.

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.

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