NVIDIA Corporation (NVDA): Billionaire Steve Cohen Has a Long-Term Bet on This Stock

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Best Stocks to Invest In According to Billionaire Steve Cohen.

NVIDIA Corporation (NASDAQ:NVDA) first appeared in the 13F portfolio of Point72 Asset Management back in the second quarter of 2015. This position comprised 2 million shares. By the fourth quarter of 2015, this stake had jumped to ownership of 66 million shares. Thereafter, Cohen reduced exposure to the stock, even selling it off completely but opening a new position within a few months. The present holding was purchased back in the first quarter of 2023 and consisted of 9.8 million shares then. Latest filings, submitted at the end of the fourth quarter of 2025, show that the fund owned nearly 10 million shares in the company, up 38% compared to filings for the previous quarter.

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Micron’s (MU) 2026 Outlook Strengthens as Memory Pricing Improves

NVIDIA Corporation (NASDAQ:NVDA) remains the single most important barometer for hedge fund confidence in the AI supercycle. The company recently raised its lifetime sales projection for its major chip systems, Blackwell and the upcoming Vera Rubin, to $1 trillion through 2027, up from a previous estimate of $500 billion. Hedge funds are front-running the 2026–2027 rollout of the Vera Rubin architecture, which promises a 35x increase in throughput per megawatt. This efficiency is critical as data centers hit physical power constraints. Hedge funds are also shifting their focus from AI training to AI inference, where NVIDIA is extending its moat. NVIDIA’s partnership with Groq to deliver 1,500+ tokens per second is a major draw.

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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