Is NVIDIA (NVDA) Clifford Asness’ Top Pick?

Core Insights - NVIDIA Corporation (NASDAQ:NVDA) is a significant holding for billionaire Clifford Asness, representing 2.62% of his portfolio, valued at $4.09 billion [1] - Analysts are overwhelmingly bullish on NVIDIA, with over 90% expressing positive outlooks and a consensus price target of $250.00, indicating a potential upside of more than 36% [2] - The company is expected to report revenues exceeding its guidance, with UBS forecasting fiscal fourth-quarter revenue of $67.5 billion, approximately $2.5 billion above its guidance [2] - For the first quarter of the next year, NVIDIA is projected to generate $76 billion, surpassing broader expectations of $74 to $75 billion [3] - Analysts from Goldman Sachs also anticipate a strong performance for NVIDIA, expecting a beat-and-raise quarter driven by supply-and-demand dynamics in the industry [4] - NVIDIA shares increased by 7.9% following CEO Jensen Huang's comments on AI capital spending, which he deemed "appropriate" for a seven- to eight-year buildout, highlighting sustained demand for NVIDIA's systems [5] - The company specializes in creating GPUs and compute-networking platforms that support gaming, data centers, AI, and autonomous systems, integrating accelerated computing and high-performance networking [6]