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Nvidia Corp (NASDAQ:NVDA) is one of Renaissance Technologies’ top semiconductor stock picks. Nvidia shares have gained around 60% over the past year.

Nvidia Corp (NASDAQ:NVDA) is expanding its presence in the enterprise artificial intelligence market through partnerships that help businesses deploy private AI systems powered by its chips and software. On May 26, ePlus announced that it has launched a private AI infrastructure managed service built with Nvidia technologies. It said this solution includes Nvidia accelerated computing clusters in colocation facilities.

This solution is aimed at enterprises seeking dedicated AI infrastructure that offers greater control and improved security. It spares enterprises the complexity and expenses of building and managing such infrastructure on their own. According to ePlus, this offering is designed to make AI more accessible and to accelerate its value across industries.

This launch highlights Nvidia’s deepening ties with certified partners to expand the adoption of its AI infrastructure products. As a certified Nvidia partner, ePlus can leverage Nvidia platforms to help enterprises speed up the development and deployment of AI systems. ePlus holds Nvidia DGX SuperPOD Specialization and DGX-Ready Managed Services Provider status.

Nvidia Corp (NASDAQ:NVDA) builds and sells graphics processing units used in data centers, AI systems, autonomous cars, and other applications. Nvidia also provides software solutions that go along with its chips. The company was founded in 1993 and is based in California.

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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