Why Is NVIDIA (NVDA) One of the Best Long Term Stocks to Invest In According to Billionaires?

NVIDIA Corporation (NASDAQ:NVDA) is one of the best long term stocks to invest in according to billionaires. Reuters reported on March 17 that NVIDIA Corporation (NASDAQ:NVDA) CEO ​Jensen Huang announced at a press conference that the revenue opportunity for its ⁠Blackwell and ​Rubin artificial intelligence ​chips is “likely to be larger than $1 trillion” by ​the end ​of 2027. It added that the estimate does not ⁠include the company’s networking chips and the new ​processors made ​with ⁠technology from the Groq ​licensing deal it ​signed ⁠in December.

Analyst Explains How NVIDIA (NVDA) Can Reach $8 Trillion Market Cap

Reuters also reported on March 16 that European chipmakers Infineon, NXP, and STMicroelectronics all announced partnerships with NVIDIA Corporation (NASDAQ:NVDA) for the sale of hardware for humanoid robots. NVIDIA Corporation (NASDAQ:NVDA) would take on the role of the “brain”, or central computing ​platform for robots, while the European chipmakers would provide other body parts, which include electronics necessary to make them work reliably and safely, motion control, sensors, power management, and high-speed internal communications. Reuters also said that these chipmakers are all major suppliers of tech hardware used in cars, which are considered to have considerable overlap with humanoid and other advanced robots by analysts.

NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.

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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