11 Trending AI Stocks on Latest News and Ratings

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3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 193

NVIDIA Corporation (NASDAQ:NVDA) focuses heavily on AI through its Data Center and Compute and Networking segments. Its products also support AI applications in gaming, professional visualization, and robotics.

Bloomberg reported on December 9 that China is investigating Nvidia for possible anti-monopoly violations related to its 2020 Mellanox acquisition. Beijing approved the $7 billion deal with conditions to ensure fair treatment of Chinese firms and competitors. This follows escalating US-China tech tensions, including US chip export restrictions and China’s retaliation against American companies. The US has limited Nvidia’s sales of advanced chips to China while urging allies to take similar actions. In response, China has implemented its own measures, including banning certain tech-related exports and scrutinizing companies like Micron Technology.

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