10 AI Stocks Gaining Momentum Right Now

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3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. On February 25, Reuters reported that Chinese companies are mounting up orders for Nvidia’s H20 artificial intelligence chip amid the burgeoning demand for DeepSeek’s AI models. This surge in orders underscores Nvidia’s dominance in the chip market and also alleviates concerns that the emergence of low-cost models may cause a slide in AI chip demand.

Tencent, Alibaba, and ByteDance have considerably increased the order of these chips for their internal needs as well as the provision of cloud computing services through which other firms can access and use AI tools. Companies in sectors such as healthcare and education are also purchasing these chips, the report noted. At the same time, U.S. President Donald Trump’s administration is considering imposing restrictions on the sale of these H20 chips to China. According to Nvidia, its products won “on merit in a competitive field”.

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