Tigress Raises Price Target on NVIDIA (NVDA) Following Record First-Quarter Results

NVIDIA Corporation (NASDAQ:NVDA) ranks among the best most active stocks to buy according to hedge funds. On May 29, Tigress Financial boosted its price target for NVIDIA Corporation (NASDAQ:NVDA) to $425 from $360, while retaining a Strong Buy rating on the company. The firm underlined NVIDIA’s status as the key infrastructure driver of the AI industrial age, as well as its full-stack technology superiority.

The firm noted NVIDIA’s record first-quarter 2027 results, with revenue up double-digit percentages and non-GAAP EPS up low-triple-digit percentages.

Furthermore, on May 27, NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang unveiled the company’s Constellation campus in Taipei, indicating plans to invest as much as $150 billion per year in Taiwan. The facility is intended to house approximately 4,000 personnel and will function as one of the largest AI research and development centers in the Asia-Pacific.

Huang stated during the unveiling ceremony that the company’s annual expenditure in Taiwan has increased from $10 to $15 billion some years ago to $100 billion now, with plans to reach $150 billion.

NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.

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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