1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 264
NVIDIA Corporation (NASDAQ:NVDA) is one of the most widely held stocks by individuals in 2026.
TheFly reported on May 21 that Truist increased its price target on NVDA to $307 from $287 while maintaining a Buy rating on the stock. The firm said the company delivered a strong quarterly performance with results exceeding expectations and an improved outlook. It noted that demand trends remain firm and growth momentum is accelerating rather than slowing. Truist also emphasized its view that artificial intelligence expansion is still in an early phase, not a speculative bubble, and highlighted expectations for substantial long-term industry growth, with AI market expansion projected to reach multi-trillion-dollar levels by 2030 under continued high growth rates.
Separately, today, on May 22, it was reported that Taiwanese authorities have detained three individuals in connection with allegations of document forgery linked to the unauthorized export of NVIDIA Corporation (NASDAQ:NVDA) chips. The case involves shipments reportedly intended for destinations including China, Hong Kong, and Macau, in violation of U.S. export control regulations. Officials said the activity covered approximately 50 servers containing restricted semiconductor components. The suspects were taken into custody on Wednesday as part of an ongoing investigation led by the Taiwan Keelung District Prosecutors’ Office. The case highlights continued enforcement efforts against illegal diversion of advanced computing hardware amid heightened global scrutiny of semiconductor supply chains and trade compliance rules.
NVIDIA Corporation (NASDAQ:NVDA) is a U.S. technology company known for inventing GPUs and leading the development of AI computing and accelerated computing 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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