1. NVIDIA Corporation (NASDAQ:NVDA)
D. E. Shaw’s Q1 2026 Stake: $2.5 billion
2026 hasn’t been kind to AI GPU giant NVIDIA Corporation (NASDAQ:NVDA)’s shares, as they are up by a modest 9.6% year-to-date. With the shares currently trading around the $207 mark, Bank of America discussed the firm on July 8th as it reiterated a Buy rating and a $350 share price target. NVIDIA Corporation (NASDAQ:NVDA) was in the news recently after SpaceX announced its Grok 4.5 model and revealed that it was trained on tens of thousands of NVIDIA AI chips. Throughout the year, even though rivals such as Google and Amazon have touted their custom AI chips, NVIDIA’s products have remained the leaders when it comes to performance.
NVIDIA Corporation (NASDAQ:NVDA)’s own GR00T made inroads into the robotics sector recently after the firm announced a collaboration with Hugging Face to integrate its physical AI capabilities into the LeRobot open source robotics library. The partnership will allow users to consolidate human data, model fine tuning and behavior validation in a single platform.
Antipodes Global Strategy discussed NVIDIA Corporation (NASDAQ:NVDA)in its Q1 2026 investor letter:
“The opportunity in NVIDIA has been created from the market’s extrapolation of near-term AI uncertainty, despite a structural demand inflection for the world’s dominant AI infrastructure provider. On our estimates NVDA trades on a 2027 multiple of 13x. Management now guides at least $1 trillion in AI infrastructure demand through 2027 — double the $500bn signalled twelve months ago — and frames this as a floor with NVDA the main beneficiary underpinned by the CUDA installed base. Revenue is also diversifying beyond hyperscalers, with sovereign clouds, enterprise, and robotics growing while the SaaS-to-agentic transition represents a further enterprise IT monetisation opportunity.”
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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