NVIDIA Corporation (NASDAQ:NVDA) is one of the best AI enabler stocks to buy now.
On May 6, NVIDIA Corporation (NASDAQ:NVDA) and Corning announced a multiyear commercial and technology partnership to expand U.S.-based manufacturing of optical connectivity products used in next-generation AI infrastructure. Under the agreement, Corning will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand U.S. fiber production capacity by more than 50%. The plan includes three new advanced manufacturing facilities in North Carolina and Texas, and more than 3,000 new jobs.
The deal strengthens NVIDIA’s position beyond GPUs by addressing one of the less visible bottlenecks in AI data centers: moving large volumes of data between processors quickly and efficiently. Reuters reported on May 7 that NVIDIA also made a multibillion-dollar prepayment to Corning, separate from a previously disclosed equity investment of up to $3.2 billion, to support the factory expansion.
NVIDIA Corporation (NASDAQ:NVDA) develops graphics processors, accelerated computing platforms, AI infrastructure, networking products, software, and related technologies for data centers, gaming, professional visualization, automotive, robotics, and other markets.
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.
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