NVIDIA Corporation (NASDAQ:NVDA) is one of the 11 Best Large-Cap Tech Stocks to Invest In. 

A February 27 report from the Wall Street Journal highlighted that NVIDIA Corporation (NASDAQ:NVDA) is developing a new processor platform for AI inference workloads. This new processor is specifically being designed for OpenAI and other major customers to build faster and more reliable tools through AI that generate responses to user queries, as per WSJ.

According to the report, Nvidia will reveal the system at the upcoming GTC in San Jose, scheduled for March 16 to March 19, 2026. The new inference will incorporate technology from AI chip startup Groq, designed to offer faster and more efficient AI responses for customers. OpenAI is said to be one of the largest customers of this new Nvidia processor, with sources indicating that it would potentially handle 10% of OpenAI’s inference computing needs.

This is a major development amid the rapidly growing AI hardware market and intense competition from rivals, including Amazon and Google, who are building their own AI chips.

Out of 69 analysts covering NVDA, 64 analysts rate the stock as Buy, while 4 have a Hold rating. The average price target of $265 highlights an upside potential of more than 43% as of March 10.

NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.

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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