Investors Double Down While NVIDIA Corporation (NVDA) Secures Multi-Year AI Wins

NVIDIA Corporation (NASDAQ:NVDA) is among the high growth mega cap stocks you can buy and hold for the next 3 years. According to the latest disclosure with the SEC, Silicon Valley Capital Partners increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 23.9% in the first quarter, making the stock its seventh largest position. Following the purchase of 61,476 shares, the investment advisor now owns 318,354 shares of the company’s stock worth $34,914,000.

AI hyperscaler CoreWeave (NASDAQ:CRWV) has announced a $6.3 billion new order form with NVIDIA Corporation (NASDAQ:NVDA), a deal ensuring that the AI chipmaker will buy any unsold cloud capacity through April 13, 2032. Additionally, the recent Nebius/Microsoft deal means that the company is stepping early into an emerging growth market, which will benefit it immensely as hyperscalers are increasingly turning to Neoclouds for GPU rentals. Collaborations like these highlight the company’s position in achieving multi-year growth.

Analyst Explains How NVIDIA (NVDA) Can Reach $8 Trillion Market Cap

Analysts are already raising FY2027 forecasts, all thanks to leadership in AI compute, the $19 billion Microsoft-Nebius agreement, and sustained hyperscaler CapEx. With NVIDIA Corporation (NASDAQ:NVDA) becoming more profitable, the shareholders will be rewarded through larger buybacks to enhance EPS.

NVIDIA Corporation (NASDAQ:NVDA) is a California-based computing infrastructure company that offers graphics, compute, and networking solutions. Incorporated in 1993, the company is committed to enhancing computing to address the toughest challenges.

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 this cheapest AI stock.

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