$30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley

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7. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Investors  in Q1 2024: 186

NVIDIA Corporation (NASDAQ:NVDA) makes and sells GPUs that are used to compute artificial intelligence workloads. These include machine learning, a key arm of AI that is used in vision processing. Vision processing is the bedrock of humanoid robots since it allows them to perceive their environment and act accordingly. NVIDIA Corporation (NASDAQ:NVDA) enjoys a considerable competitive moat since its products are the industry leaders in terms of performance. It also benefits from tight software integration through its CUDA software which allows users to control GPU functions – which can be customized for humanoids. NVIDIA Corporation (NASDAQ:NVDA) also offers microservices and orchestration services for humanoid robots, with CEO Jensen Huang already having claimed that the “next wave of AI is robotics.”

Aristotle Atlantic Partners mentioned NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2024 investor letter. Here is what the firm said:

“Nvidia contributed to portfolio performance in the second quarter as investors continued to view positively the new product roadmap for the rest of the year. The company sees accelerating demand for its GPU semiconductors from hyperscalers and enterprises. Nvidia’s GPU semiconductors continue to be the industry-leading building blocks of the accelerated computing data center architecture to drive AI compute and applications.”

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