Beijing has been strongly discouraging Chinese firms from using Nvidia’s artificial intelligence chips, particularly for government-related purposes. However, some tech giants remain keen on using them.
In a report from Reuters, sources reveal that big names such as Alibaba and Tencent have been asking for reassurance that their orders of Nvidia’s H20 model are being processed. The AI chipmaker had regained permission to sell these in China back in July.
According to the sources, they are also closely keeping track of Nvidia’s plans for a more powerful chip, tentatively named the B30A, based on its Blackwell architecture.
The B30A will likely be up to six times more powerful than the H20, and will cost almost double the H20, which currently sells for between $10,000 and $12,000.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q2 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. SAP SE (NYSE:SAP)
Number of Hedge Fund Holders: 32
SAP SE (NYSE:SAP) is one of the 10 AI Stocks Investors Are Watching Closely. On September 2, the company announced a comprehensive new approach to digital sovereignty and AI innovation through expanded offerings within its SAP Sovereign Cloud portfolio.
Through these offerings, SAP will provide its European customers access to their comprehensive technology stack, including SAP Cloud Infrastructure and SAP Sovereign Cloud On-Site.
European customers will now have access to new deployment models that are designed to meet regulatory and operational requirements while maintaining data sovereignty.
The company has introduced three deployment options. First, the SAP Cloud Infrastructure uses open-source technologies in SAP’s data center network, with all data stored within EU boundaries.
Second, the SAP Sovereign Cloud On-Site offers SAP-operated infrastructure within a customer-owned/customer-selected data center. Third, the Delos Cloud in Germany focuses on public sector transformation needs.
“The digital resilience of Europe depends on sovereignty that is secure, scalable and future-ready. SAP’s full-stack sovereign cloud offering delivers exactly that, giving customers the freedom to choose their deployment model while helping ensure compliance up to the highest standards.”
-Martin Merz, President, SAP Sovereign Cloud.
SAP SE (NYSE:SAP) is a leader in ERP software that leverages artificial intelligence to enhance its enterprise resource planning (ERP) solutions.
9. Marvell Technology, Inc. (NASDAQ:MRVL)
Number of Hedge Fund Holders: 76
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 10 AI Stocks Investors Are Watching Closely. On September 2, the company announced that the Marvell Structera Compute Express Link (CXL) memory-expansion controllers and near memory compute accelerators have successfully completed interoperability testing with DDR4 and DDR5 memory solutions from Micron Technology, Samsung Electronics, and SK Hynix.
This testing follows Marvell’s recent announcement of successful interoperability of Structera CXL Portfolio with AMD EPYC CPU and 5th Gen Intel Xeon Scalable platforms. This makes Structera the only CXL 2.0 product family that features completed interoperability testing across both leading CPU architectures and all three major memory suppliers. This milestone ensures scalable system design, reduced integration risk, and streamlined qualification. Moreover, OEMs and cloud providers have the flexibility to optimize system designs while maintaining supply chain flexibility.
Interoperability is a crucial part of seamless system performance, particularly as data-centric applications become complex and memory becomes an important part of performance.
The Structera product line includes two CXL device families designed to fulfill performance and scalability needs of next-generation cloud data centers.
The Structera A CXL near-memory accelerators integrates 16 Arm Neoverse V2 cores and multiple memory channels for high-bandwidth memory applications.
Meanwhile, the Structera X CXL memory-expansion controllers enable terabytes of memory to be added to general-purpose servers for high-capacity memory applications.
“As AI and high-performance computing workloads intensify, CXL will help dissolve bottlenecks for demanding workloads that can consume upwards of hundreds of terabytes of memory capacity.”
-Praveen Vaidyanathan, vice president and general manager of Cloud Memory Products at Micron.
Marvell Technology, Inc. (NASDAQ:MRVL) engages in the development and production of semiconductors, focusing heavily on data centers.
