NVIDIA Leads 5 AI Stocks to Watch in September

The August rally was largely attributed to renewed strength in AI-related stocks, after a mixed June and July. The Dow posted its fifth straight monthly gain, while the S&P 500 and Nasdaq recorded their first monthly advance since May, with both hitting all-time highs. This backdrop set the stage for NVIDIA and its peers to be highlighted as strong momentum candidates.

NVIDIA's continued dominance in AI hardware is evident from its latest earnings, with data center revenue surging to $89 billion in Q2 fiscal 2027—a 117% jump year over year. The company's growth is fueled by demand from hyperscalers and AI cloud providers building out AI factories. Its new product, Vera Rubin, began production shipments in August 2026, and the company highlights that it offers substantial efficiency gains, which could further solidify NVIDIA's market position.

For investors, the Zacks Rank #1 and Momentum Score of A on all five stocks suggest a favorable near-term outlook, but it's important to note that past performance does not guarantee future results. The focus on token economics and power efficiency in AI infrastructure is likely to remain a key theme, with NVIDIA positioning itself to capture more revenue per gigawatt as it transitions from Blackwell to Vera Rubin. While the momentum may continue, any changes in AI spending patterns or competitive dynamics could affect these stocks.