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.
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 potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.
Disclosure: None. Follow Insider Monkey on Google News.
Leave a Reply