10 Stocks Everyone’s Talking About As AI Investments Continue

2. NVIDIA Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 235

Stacy Rasgon, Bernstein senior semiconductor analyst, was recently asked about the NVIDIA Corp (NASDAQ:NVDA)-OpenAI $100 billion deal and what it indicates. The analyst said the deal shows there is a “shortage” of computing power and customers are lining up in advance.

“I mean, one of the primary overarching themes seems to be a shortage of compute. Everybody out there who’s involved in this seems to still be scrambling for compute. And so I do think that is part of this, and you know, Jensen’s thrown out some big numbers for what he thought infrastructure spending would be by the end of the decade. I think he said three to four trillion — like, who knows, I don’t know how big — but I do think that it’s big. So you have that. I think the power question is very interesting. I think customers are lining up power in front of these kinds of investments years in advance because the power infrastructure as it sits isn’t there; that has to be put in front. People have really thought about whether or not power might actually be the primary constraint as we ramp all this up over time. It may not even be compute. Over time, I mean.”

Baird Chautauqua International and Global Growth Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2025 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) reported first quarter results that were extremely solid. The company took a write-down on China-specific datacenter products and flushed out any future China contributions from their guidance, following the new export restrictions introduced in April. Demand commentary ex China was extremely encouraging—Nvidia is outgrowing expectations despite supply constraints and outgrowing competing ASIC products by a large margin. We have been underweight Nvidia relative to the benchmark, which was up 46% in the quarter, given our short-to medium-term concerns that the feverish AI datacenter build may be resulting in overcapacity, which has not come to bear.”