However, billionaire David Tepper sold Nvidia in the third quarter and bought a shocking AI stock: electric utility Vistra ( VST -0.13%). That was a bad pun, but Tepper is a good case study for investors because his hedge fund Appaloosa more than doubled the return of the S&P 500 ( ^GSPC -0.00%) in the last three years.

Nvidia (NASDAQ: NVDA) has been one of the best performing stocks over the past few years, a run that catapulted it into the world's most valuable company. Many Wall Street analysts think the best is yet to come for this crucial supplier of chips to power artificial intelligence (AI).

Artificial intelligence (AI) stocks have turned into legitimate multi-baggers since the public launch of ChatGPT, and experts expect the market to further leap to $2.74 trillion by 2032. It’s safe to say that AI is here to stay.

Nvidia (NASDAQ: NVDA) and Snowflake (NYSE: SNOW) are benefiting from the increasing demand for artificial intelligence. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now.