11 Trending AI Stocks on Latest News and Ratings

Page 7 of 11

5. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 179 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. On November 5, news publication Financial Times reported that large financial institutions on Wall Street had loaned more than $11 billion to a niche group of tech firms due to the fact that these firms possessed AI chips made by NVIDIA. These chips are crucial for AI firms that want to develop and train their own AI models. Per the report, firms that provide cloud computing to AI firms are the recipient of this funding, provided by groups like Blackstone, Pimco, Carlyle, and BlackRock, among others.

Page 7 of 11