NVIDIA Corporation (NASDAQ:NVDA) is one of the best blue chip stocks to buy for the long term. On March 3, Akamai Technologies (NASDAQ:AKAM) announced it has acquired thousands of NVIDIA Blackwell GPUs to expand its distributed cloud infrastructure for AI inference workloads. The $14.2 billion cybersecurity and cloud computing company, whose stock has risen 26% over the past six months, said the deployment will support AI research, fine‑tuning, and post‑training optimization across its global network while reducing latency and data-transfer issues.
Akamai emphasized that while hyperscalers focus on AI training, it is targeting the unique demands of the inference era. The company previously launched Akamai Inference Cloud in October 2025 and continues to add GPU capacity to meet strong demand. Akamai provides cybersecurity and cloud services to enterprises worldwide.
On March 2, Morgan Stanley analyst Joseph Moore reiterated an Overweight rating on NVIDIA Corporation (NASDAQ:NVDA) with a $260 price target. Moore also reinstated NVIDIA as Morgan Stanley’s top pick in semiconductors, which displaces Micron Technology.
Morgan Stanley rotated away from NVIDIA as its top pick back in September 2025, first shifting to SanDisk and then to Micron in November. The bank attributed the move to the thesis that AI tailwinds would generate stronger earnings leverage in memory stocks. Explaining why the firm swung back to NVIDIA, Moore described the company’s current trading level as a “surprisingly good entry point.” He noted that NVIDIA now trades at roughly 18 times projected 2027 earnings, which is a multiple the firm views as compelling for a company with NVIDIA’s dominant position in AI chips and data center hardware.
Photo by Javier Esteban on Unsplash
NVIDIA Corporation (NASDAQ:NVDA) designs and develops graphics processing units and accelerated computing platforms. Its major products include GeForce GPUs for gaming, NVIDIA RTX for professional visualization, and data center solutions such as NVIDIA A100 and H100 for artificial-intelligence and high-performance computing.
While we acknowledge the potential of NVDA as an investment, 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 the cheapest AI stock.
READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 11 Best Italian Stocks to Buy in 2026..
Disclosure: None. Follow Insider Monkey on Google News.
