5 Best Stocks to Buy Now for the Next 3 Months

2. NVIDIA Corporation (NASDAQ:NVDA)

Upside Potential: 44.10%

Number of Hedge Fund Holders: 275

NVIDIA Corporation (NASDAQ:NVDA) is one of the analyst-favorite stocks and is widely held by hedge funds, ranking among the 10 best stocks to buy for the next 3 months.

NVIDIA Corporation (NASDAQ:NVDA), after announcing its RTX Spark in collaboration with Microsoft, has now partnered with the Windows developer on a unified stack for agentic AI deployment. On June 2, NVIDIA shared the expanded partnership goals with Microsoft, bringing together hardware, secure runtimes, and a responsive data layer across Windows devices, Azure cloud, and local deployments.

The collaboration extends from Nvidia’s RTX Spark offering AI performance with up to 128 GB of unified memory on Microsoft laptops to Nvidia’s accelerated computing built into Microsoft’s Fabric Data Warehouse. The system now serves Windows, cloud, and local networks with SQL execution up to six times faster compared to CPU-powered baselines and up to seven times faster high-concurrency workloads than leading cloud data warehouse providers.

In other news, on June 8, Reuters reported that Nvidia is collaborating with South Korean tech giant LG Group on data centers and humanoid robots. Jensen Huang said that Nvidia is working with LG on motor technology and mechanical systems to bring together humanoid robotics and the future of robotics. He further added that both companies are also working on architecting the future of data centers.

Year-to-date, NVIDIA Corporation (NASDAQ:NVDA) shares have surged just under 10% as of June 5. Analysts believe that the company still has much more upside as a leading firm in this AI era. NVDA has a median price target of $300, which indicates an upside of more than 44%.

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.

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