15 AI Stocks Surging on News and Analyst Ratings

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3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services. On May 19, the company revealed that it plans to sell a technology that will tie chips together, accelerating the chip-to-chip communication needed to build and deploy artificial intelligence tools.

On the same day, it launched a new version of its NVLink tech called NVLink Fusion. Nvidia will sell the NVLink Fusion to other chip designers to help build powerful custom AI systems with multiple chips linked together. Companies looking to adopt the NVLink Tech called Fusion for their custom chip efforts include Marvell Technology and MediaTek.

In other news, CEO Jensen Huang has also announced the company’s plan to build a Taiwan headquarters in the northern suburbs of Taipei.

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