10 AI News Making Waves on Wall Street

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 193

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. On February 10, Bloomberg reported that Hon Hai Precision Industry Co., the main supplier of Nvidia’s AI servers and the world’s largest assembler of Apple’s iPhones, has posted a 3% rise in January sales and reinforced its first-quarter outlook. The company reported a revenue of NT$538.7 billion ($16.4 billion) for January, albeit the performance was skewed because the week-long Lunar New Year break fell in January this year instead of in February in 2024. As a key player in AI infrastructure and Nvidia’s most important AI server maker, the company said that first-quarter sequential growth would be “better than the average level” of the past five years. However, it still faces uncertainty due to Trump-administration tariffs and questions about the sustainability of the AI boom.