AI News Investors Should Not Miss

Page 31 of 35

5. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 179 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. Latest reports, published by the news publication Bloomberg, reveal that regulators in China are discouraging businesses from purchasing NVIDIA chips. NVIDIA is not allowed to sell advanced chips to Chinese entities, under orders from the US government, but some models are allowed for export, like the H20. NVIDIA derives almost 12% of revenue from the sales of low-end chips and software to companies in China.

The Chinese pushback against NVIDIA Corporation (NASDAQ:NVDA) is largely viewed as an effort to decrease reliance on American chips and encourage purchase from domestic chipmakers, chief among them being Cambricon and Huawei. The US has discouraged NVIDIA from exporting chips to China for two years.

Page 31 of 35