10 Must-Watch AI Stocks on Wall Street

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 Must-Watch AI Stocks on Wall Street. On July 29, Reuters reported that Nvidia has placed orders for 300,000 H20 chipsets with contract manufacturer TSMC last week driven by Chinese demand. The increased demand has led the U.S. firm to change its mind about just relying on its existing stockpile.

The Trump administration recently reversed its ban on exporting H20 chips to China. Nvidia had developed the H20 particularly for the Chinese market after U.S. imposed export restrictions on its other AI chipsets. The H20 has less computing power as Nvidia’s H100 or its new Blackwell series sold in markets outside China.

Sources reveal that the new orders would add to the current 600,000 to 700,000 H20 chips that Nvidia has currently. According to U.S. research firm SemiAnalysis, Nvidia sold 1 million H20 chips in 2024.

While Nvidia still needs to obtain export licenses from the U.S. government to ship said H20 chips, it has been assured by authorities that it would get them soon.

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, providing high-performance GPUs and platforms that power data centers, autonomous vehicles, robotics, and cloud services.