Here is why Nvidia (NVDA) Is Among the Best Steve Cohen Stocks to Invest In

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Best Stocks in Steve Cohen’s Portfolio.

Here is why Nvidia (NVDA) Is Among the Best Steve Cohen Stocks to Invest In

On May 20, 2026, NVIDIA Corporation (NASDAQ:NVDA) announced in the company’s financial results for the first quarter of fiscal 2027 that they have gained the board of directors’ approval for an additional $80 billion share repurchase and an increase in the quarterly cash dividend from $0.01 per share to $0.25 per share. The company’s massive 85% year-over-year increase in fiscal Q1 revenue, reaching $81.6 billion and overwhelmingly driven by the unprecedented buildout of AI infrastructure, is the primary driver strengthening NVIDIA Corporation (NASDAQ:NVDA)’s commitment to returning value to shareholders.

In another development, on May 23, 2026, Jensen Huang, CEO of NVIDIA Corporation (NASDAQ:NVDA), urged Super Micro Computer to enhance trade compliance following Taiwan’s detention of three individuals over suspected fraudulent AI server documentation, according to a Bloomberg report. Super Micro is a symbiotic partner of NVIDIA Corporation (NASDAQ:NVDA) and engages in the assembly of AI chips from the company and similar manufacturers into systems that are installed in data centers. The reported detention marks Taiwan’s first crackdown on chip smuggling amidst stringent U.S. export controls. Super Micro pledged to tighten its global compliance program to stop technological diversion into restricted markets.

Founded in 1993, the California-based company, 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.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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