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NVIDIA Corporation (NASDAQ:NVDA) is one of the best growth stocks to buy, according to billionaire Ray Dalio’s Bridgewater Associates. On June 11, Reuters reported that NVIDIA Corporation (NASDAQ:NVDA) is one of the anchor investors in a new company with more than $10 billion in committed capital to finance AI buildout.

Helix Digital Infrastructure is the company in which the US chip giant has invested, in partnership with the Kuwait Investment Authority and Vistra. The company is also open to adding additional investors once founding commitments are closed. The AI-focused company will be led by former Amazon Web Services CEO Adam Selipsky.

NVIDIA is tasked with helping Helix with the much-needed expertise in designing and building artificial intelligence data centers. Vistra is tasked with providing the much-needed power to run the data centers.

On the other hand, S&P Global Ratings has raised NVIDIA’s long-term issuer credit rating to AA from AA-, buoyed by strong demand for artificial intelligence systems. According to the ratings firm, the company has a competitive advantage and strong prospects for generating massive cash flow.

NVIDIA Corporation (NASDAQ:NVDA) is a global technology company that designs specialized chips, hardware, and software powering the artificial intelligence (AI) boom. They are the driving force behind modern AI, PC gaming, self-driving cars, and virtual 3D simulation platforms.

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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