Top 10 Trending Stocks as Famous Billionaire Predicts Massive AI Stock Rally Before Bubble Burst

1. NVIDIA Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 235

Kevin Hincks from Charles Schwab said in a recent program on Schwab Network that market concerns about NVIDIA Corp (NASDAQ:NVDA) investments and the concentration of customers do not hold much weight.

“I think NVIDIA Corp (NASDAQ:NVDA) is just, you know, Nvidia’s got so much good news around it. I read a bunch of articles from analysts before I come on the air and get a general feel. Really, for the first time I’m ever remembering, one analyst is getting slightly negative on NVIDIA Corp (NASDAQ:NVDA) because he just thinks this circle of capex spending and the concentration, he’s worried about it. Now, I don’t think that’s accurate. I think NVIDIA Corp (NASDAQ:NVDA) is still in the early stages and I think the fact that they’re investing in broader companies and getting involved in the other aspects of AI shows that Jensen Wong is making investments in the whole spectrum of AI, not just selling the chips. And I think that is such a smart thing for him to do. Now, critics are going to say he’s going around in a circle, right? He’s investing in the companies, they’re investing in buying his chips, and he keeps investing, but I think they see the whole pie of AI getting bigger and that’s why he wants to be involved. I think it’s a smart move and I think that’s why people continue to get more and more bullish on this name.”

The current AI boom cycle stems from spending by major tech companies, and Nvidia is the biggest beneficiary of this spending. In Q2 FY2026, three direct customers accounted for 23%, 19%, and 14% of NVDA’s accounts receivable. Almost all of the company’s revenue comes from AI-related infrastructure spending. In the latest quarter, $41.3 billion of the $46.7 billion revenue came from these clients. The music could stop for Nvidia if these major companies decide to slow down their spending amid a lack of ROI. If investors sense a weakness in CapEx spending, and the market begins to waver, NVDA stock price would be the first to see its impact.

Baird Chautauqua International and Global Growth Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2025 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) reported first quarter results that were extremely solid. The company took a write-down on China-specific datacenter products and flushed out any future China contributions from their guidance, following the new export restrictions introduced in April. Demand commentary ex China was extremely encouraging—Nvidia is outgrowing expectations despite supply constraints and outgrowing competing ASIC products by a large margin. We have been underweight Nvidia relative to the benchmark, which was up 46% in the quarter, given our short-to medium-term concerns that the feverish AI datacenter build may be resulting in overcapacity, which has not come to bear.”

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: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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