15 AI News Updates That Investors Are Watching

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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. On November 27, news publication The Wall Street Journal reported that the demand for advanced chips from xAI founder Elon Musk was straining the NVIDIA supply chain. AI startups like xAI have deployed AI chips made by NVIDIA to train their AI models. xAI is looking to compete with other prominent AI startups like OpenAI and Anthropic. While the latter two are backed by Microsoft and Amazon, xAI is backed by Tesla chief Musk.

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