NVIDIA Corporation (NASDAQ:NVDA) is one of the best forever stocks to buy according to hedge funds. On December 17, reports emerged indicating NVIDIA Corporation (NASDAQ:NVDA) is planning a $1.5 billion investment to establish the largest server farm in Israel. The company is reportedly in advanced talks with real estate firm Mega Or DC to lease a data center currently under construction in the Mevo Carmel industrial zone.
The new server farm is to be located close to another Nvidia farm built in partnership with Shoval Paz and will house the Blackwell Processors. The proposed server farm will span about 30,000 square feet and consume about 64 megawatts of power. NVIDIA is to install a more advanced supercomputer at the site, exceeding the capabilities of Israel-1
The massive server farm will become Nvidia’s largest research center outside the US. It will also rank among the largest in the Middle East. It will be dedicated to the company’s most advanced technologies, including Blackwell-based systems and integrated Grace Blackwell platforms.
On December 11, Vivek Arya from Bank of America Securities reiterated that Nvidia is a Buy and stuck with a $275 price target. According to the analyst, the company boasts a competitive edge and growth potential, as its generational GPUs are considered well ahead of competitors’. Likewise, strong partnerships with Google, OpenAI, and Anthropic also provide substantial visibility into demand and supply.
NVIDIA Corporation (NASDAQ:NVDA) designs and sells high-performance Graphics Processing Units (GPUs) and System-on-a-Chip (SoC) units, evolving from a gaming graphics leader to a powerhouse in Artificial Intelligence (AI), data centers, professional visualization, and automotive tech, providing essential hardware (like GPUs) and software (like CUDA) for complex computing, AI training, and accelerated workloads across many industries.
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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Disclosure: None. This article is originally published at Insider Monkey.
