10 AI Stocks on the Move

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 April 14, Reuters reported that the company is planning to build AI servers worth as much as $500 billion in the U.S. over the next four years. Seeking help from partners such as TSMC, the announcement includes production of its Blackwell AI chips at TSMC’s factory in Phoenix, Arizona, and supercomputer manufacturing plants in Texas by Foxconn and Wistron. Analysts believe that the move aligns with those of tech firms who have pledged to bring manufacturing back to the US.

“It is unlikely Nvidia would have moved any production to the U.S. if it was not for pressure from the Trump administration. The half a trillion number is likely hyperbole, in the same way Apple made a half a trillion promise.”

-D.A. Davidson analyst Gil Luria.

CEO Jensen Huang said that his company sees little short-term impact from higher U.S. tariffs. Nevertheless, they would move production to the U.S. in the longer term.

“Adding American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency.”

-Nvidia CEO Jensen Huang.