Top 5 Stocks to Buy and Hold for the Long Term

​3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 275

NVIDIA Corporation (NASDAQ:NVDA) is one of the Top Stocks to Buy and Hold for the Long Term. On June 12 Jefferies released a research note saying that the reported delays in two key AI data center technologies including the 800V HVDC power systems and co-packaged optics are not disrupting the timelines for semiconductor companies.

​Regarding the 800V HVDC, the firm noted that major cloud providers have already pushed deployments to 2028 as most semiconductor companies were already anticipating limited shipments in 2027 and broader adoption in 2028. Hence, the delay remains within expectations.

​Similarly, the revised timeline for co-packaged optics, now expected to see vertical-scale deployments around 2029, aligns with what Jefferies had previously forecasted. The firm views any slippage here as neutral to slightly positive for STMicroelectronics.

​Regarding NVIDIA Corporation (NASDAQ:NVDA), Jefferies noted that the company is pushing into the 6G radio GPUs. The firm believes this move to be neutral for telecommunication companies, as major companies such as Nokia have already pivoted their strategy toward software running on Nvidia-powered infrastructure, suggesting it is adapting rather than competing.

​Moreover, recently, Morgan Stanley, on June 3, reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) with a $288 price target. The firm noted Nvidia as one of the top picks in the processor group. Morgan Stanley believes that Nvidia provides the best value among the group with a strong position in multiple product lines.

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.

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