Nvidia Corporation (NASDAQ:NVDA) is one of the best NASDAQ growth stocks to buy for the next 2 years. On February 18, Nvidia announced a multiyear agreement to supply Meta Platforms with millions of artificial intelligence chips and central processing units. This deal includes the current Blackwell architecture alongside the forthcoming Rubin AI chips. Notably, the partnership also incorporates standalone installations of Nvidia’s Grace and Vera CPUs, which use Arm Holdings technology to compete directly against established processors from Intel and AMD.
The inclusion of these central processors signals Nvidia’s expansion into markets beyond AI acceleration, specifically targeting high-intensity data processing and database management. The Grace CPUs have demonstrated the ability to perform common tasks using half the power of traditional hardware. Meta has already begun testing the next-gen Vera chips, with early results showing promise for backend data center operations.
This announcement comes as Meta continues to develop its own proprietary AI silicon and explores the use of Google’s TPUs. While the specific financial value of the deal was not disclosed, analysts suggest the move highlights Nvidia Corporation’s (NASDAQ:NVDA) ability to retain Meta as a major customer while gaining traction for its CPU lineup.
Nvidia Corporation (NASDAQ:NVDA) is a computing infrastructure company that provides graphics compute & networking solutions in the US, Singapore, Taiwan, China, Hong Kong, and internationally.
While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
