Blackrock’s 30 Most Important AI Stocks

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4.  NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 193 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. The following factors make NVIDIA a prime avenue for investment. Firstly, as per the reports of the third quarter of 2024, GAAP earnings per diluted share was $0.78, up 16% from the previous quarter and up 111% from a year ago, and non-GAAP earnings per diluted share was $0.81, up 19% from the previous quarter and up 103% from a year ago. Secondly, the company launched Denmark’s largest sovereign AI supercomputer, an NVIDIA DGX SuperPOD driven by 1,528 NVIDIA H100 Tensor Core GPUs and interconnected using NVIDIA Quantum-2 InfiniBand networking. Moreover, the company introduced the NVIDIA AI Aerial platform for telecommunications providers and began working with T-Mobile, Ericsson and Nokia to accelerate the commercialization of AI-RAN, which may hold great potential for investment. Lastly, the company has announced that SoftBank is building Japan’s most powerful AI supercomputer with the NVIDIA Blackwell platform and has successfully piloted the world’s first combined AI and 5G telecom network using NVIDIA AI Aerial.

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