Nvidia (NVDA) stock rose as much as 5% today after the Financial Times noted that Microsoft (MSFT) purchased 485,000 Hopper chips from Nvidia this year. That was more than double the 224,000 chips purchased by Meta (META), Nvidia’s second-largest customer in the United States

Meanwhile, JPMorgan expressed bullish on NVDA stock today in a note issued by the bank. Specifically, NVDA continues to benefit from high spending on AI accelerators, the bank claimed.

And tech website TrendForce reported that the chipmaker’s GB200 rack could undergo “mass production and peak shipments” in the second or third quarter of 2025.

The product’s potential users include “Tier 2 data centers, national sovereign cloud providers and academic research institutions” working on high-performance computing and AI, TrendForce reported.

The GB200 will use Nvidia’s fifth generation NVLink system, which allows GPU chips to communicate quickly with each other.

It’s also worth noting that production of Nvidia’s upcoming Blackwell GPU chips is largely in line with expectations, according to TrendForce.

Despite today’s surge in NVDA stock, shares have remained little changed over the past six months.

While we recognize NVDA’s potential, we believe some AI stocks are more promising for generating higher returns, and within a shorter time frame. If you’re looking for an AI stock that has more promise than NVDA but trades at less than 5 times earnings, check out our report on it cheapest AI stock.

READ ALSO The 8 Best Wide Moat Stocks to Buy Now And The 30 most important AI stocks according to BlackRock

Disclosure: None. This article was originally published on Insider Monkey.