NVIDIA Corporation (NVDA) Positioned to Benefit as Customers Ramp up AI Hardware Spend

NVIDIA Corporation (NASDAQ:NVDA) is among the 8 Stocks Owned by President Donald Trump in his Stock Portfolio. On March 30, Mistral, Europe’s leading artificial intelligence company, announced that it had raised $830 million in a debt-financing operation to build a major data center in Paris.

NVIDIA Corporation (NVDA) Positioned to Benefit as Customers Ramp up AI Hardware Spend

The French company said that the funds will be used to acquire 13,800 NVIDIA’s GB300 GPUs. While the financial aspects of the purchase are unknown, HSBC estimates these chips could cost around $575 million, according to a Barron’s report on Monday.

NVIDIA Corporation (NASDAQ:NVDA) is set to continue benefiting as customers ramp up spending on AI hardware. According to research and advisory firm Omdia, global cloud infrastructure spending grew 29% year-over-year during the fourth quarter of 2025 to reach $110.9 billion and is projected to expand 27% in 2026.

Experts also see immense potential in the space market. On Monday, Starcloud raised $170 million at a $1.1 billion ‌valuation. In November, it sent a satellite with Nvidia’s H100 chip into orbit, and plans to launch a second satellite this year featuring AWS Outposts.

Wall Street analysts remain bullish on the stock, with a Strong Buy rating based on 43 analysts’ recommendations. Despite being down over 11% year-to-date, NVDA has an average share price upside potential of 65% as of the close on March 30.

NVIDIA Corporation (NASDAQ:NVDA) is a full-stack computing infrastructure company. It is the go-to company for firms looking for GPUs and semiconductors as they increase spending on artificial intelligence.

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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