1. Nvidia Corp (NASDAQ:NVDA)
Maverick Capital Equity Stake: $553.71 Million
Number of Hedge Fund Holders: 275
Stock Upside Potential: 40.50%
Nvidia Corp (NASDAQ:NVDA) is one of billionaire Lee Ainslie’s stocks with huge upside potential. The stock has gained more than 23% over the past six months and soared over 60% over the past year. Analysts continue to see upside in Nvidia stock.
On June 2, Wolfe Research cautioned that the market’s $360 billion surge in Nvidia Corp (NASDAQ:NVDA) and Arm Holdings’ combined value following Nvidia’s PC chip reveal at Computex was an overreaction, citing limited commercial potential.
Analyst Chris Caso noted the RTX Spark chip, co‑developed with MediaTek and priced above $2,500, targets a narrow segment, while Qualcomm’s Snapdragon X Elite has struggled in the $1,000–$1,500 range since 2024. Wolfe argued the math equating to $1.3 billion in market cap for every PC sold annually is difficult to justify, tempering enthusiasm around Nvidia’s entry into the PC market.
Separately, on May 31, Microsoft unveiled the Surface Laptop Ultra, developed in partnership with Nvidia and set to launch later this year. Designed for power users, the 15‑inch touchscreen device includes a large trackpad and multiple connectivity options such as USB‑A, USB‑C, HDMI, and a card reader. Positioned for AI professionals, developers, and creators, the laptop aims to deliver advanced performance for demanding workloads.
At its core, the Surface Ultra features Nvidia’s RTX Spark superchip, combining a Blackwell GPU with a 20‑core Arm‑based Grace CPU. Offering 1 petaflop of AI compute and the ability to run models with up to 120 billion parameters locally, the device underscores Nvidia’s push into the PC market. CEO Jensen Huang has highlighted this move as part of a broader $200 billion CPU opportunity, signaling Nvidia’s ambition to expand beyond GPUs into high‑performance computing for professionals.
Nvidia Corp (NASDAQ:NVDA) is a global semiconductor company. It develops graphics processing units and a variety of other chips for various applications. Nvidia chips are widely used in high-performance computing, AI systems, and automotive applications.
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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