Is NVIDIA Corporation (NVDA) the Top Blue Chip AI Stock to Buy According to Billionaire Cliff Asness?
From Yahoo Finance: 2025-03-27 21:01:00
Cliff Asness, hedge fund manager, highlighted NVIDIA Corporation (NVDA) as a top blue-chip AI stock to buy. AQR Capital Management, led by Asness, has seen positive outcomes, using AI to enhance investing strategies. Asness integrates AI cautiously due to market inefficiencies, advising rational, long-term investing approaches to navigate market fluctuations effectively.
Asness warns against over-investing in private assets and criticizes private equity practices. AQR Capital Management’s 13F filing for Q4 2024 identified top blue-chip AI stocks based on value and hedge fund sentiment. NVIDIA Corporation (NVDA) ranks second on the list, benefiting from AI infrastructure spending and dominant GPU market position.
NVIDIA Corporation (NVDA) leads in GPU design and SoC units, powering data centers in the AI race. Its data center revenue exceeded expectations, showcasing growth potential. Despite NVDA’s promise, other AI stocks may offer higher returns in a shorter timeframe. Investors seeking promising AI stocks can explore alternatives trading at attractive valuations.