Top 10 AI Stocks Dominating the Market Right Now

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. On March 6, Bloomberg reported that OpenAI and Oracle are planning to begin filling a massive new data center in Texas with tens of thousands of powerful AI chips from Nvidia Corp. The move would mark the establishment of the first facility for the $100 billion Stargate infrastructure.

The site is anticipated to house 64,000 of Nvidia’s coveted GB200 semiconductors by the end of 2026, adding them to several halls of the data center in phases. These powerful GB200 microchips cost between $60,000 and $70,000 each. According to an OpenAI spokesperson, the startup is working together with Oracle on the design and delivery of the Abilene data center, while Oracle is going to be in charge of the supercomputer.