10 Trending AI Health Stocks

2.  NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 179 

While NVIDIA Corporation (NASDAQ:NVDA) is best known for its hardware, the company’s AI technologies have become essential for healthcare applications, particularly in diagnostics, drug discovery, and data analysis. NVIDIA’s Clara platform, an AI-powered suite of tools, supports advanced imaging, genomics, and computational drug discovery, helping healthcare providers and researchers process vast datasets quickly and accurately.

NVIDIA’s financials reflect its growing influence in the healthcare space. In fiscal year 2023, NVIDIA Corporation (NASDAQ:NVDA) reported $27 billion in revenue, driven by a 41% increase in data center revenue, where AI and cloud computing demands play a significant role. In Q4 alone, NVIDIA saw a 53% increase in revenue year-over-year, reaching $6.05 billion, with healthcare AI applications playing a vital role. Partnerships with healthcare institutions and increasing demand for AI-powered solutions in diagnostics have contributed to this strong financial performance.