J.W. Cole Advisors Boosts NVIDIA Corporation (NVDA) Stake by 73%

NVIDIA Corporation (NASDAQ:NVDA) is among the best stocks to buy now according to AI. J.W. Cole Advisors Inc. has increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 72.7% during the first quarter, according to the latest Form 13F filing with the Securities and Exchange Commission (SEC). Following the addition of 328,544 shares, the firm now owns 780,172 shares of the stock, valued at $84,555,000.

Analysts remain bullish on NVIDIA Corporation (NASDAQ:NVDA) due to three catalysts: networking growth, AI lab demand, and server shipment momentum. The statistics displayed by the company look as attractive as its dominance in the global semiconductor race. Having said that, the stock’s year-to-date return stands at an impressive 34.40% in contrast to the 9.66% return delivered by the S&P 500 (^GSPC).

NVIDIA (NVNVIDIA (NVDA) Poised for More Upside With AI and China TailwindsDA) Poised for More Upside With AI and China Tailwinds

There’s no doubt that the competition is intensifying, but what keeps the company’s position strong in the market is its AI-driven data center growth and dominant GPU ecosystem, driving revenue and profit acceleration.

NVIDIA Corporation (NASDAQ:NVDA) is a California-based computing infrastructure company that offers graphics and compute, and networking solutions. Founded in 1993, the giant serves a wide range of clients in the gaming, professional visualization, data center, and automotive industries.

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.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.