15 AI Stocks Making Waves on Wall Street

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 212

NVIDIA Corporation (NASDAQ:NVDA) is one of the 15 AI Stocks Making Waves on Wall Street. On June 11, the company announced that it is building the world’s first industrial AI cloud for European manufacturers at the NVIDIA GTC Paris.

Featuring 10,000 GPUs, the AI factory will empower Europe’s industrial leaders to accelerate every manufacturing application, from design, engineering, and simulation to factory digital twins and robotics. The German-based AI factory will be built by following the framework in the NVIDIA Omniverse Blueprint for AI factory design and operations.

As a part of the blueprint, Cadence’s Reality Digital Twin Platform will be used to simulate and optimize the AI factory in a physically accurate virtual environment. This will allow the engineering teams to build a smarter, more reliable facility.

All in all, European manufacturers will be able to accelerate AI development and adoption in anticipation of AI gigafactories through the investment.

“In the era of AI, every manufacturer needs two factories: one for making things, and one for creating the intelligence that powers them. By building Europe’s first industrial AI infrastructure, we’re enabling the region’s leading industrial companies to advance simulation-first, AI-driven manufacturing.”

-Jensen Huang, founder and CEO of NVIDIA.