5 Best AI and Technology Stocks to Buy Now

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 275

NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Cloud Computing Stocks to Buy According to Hedge Funds. On June 22, the company announced NVIDIA Halos for Robotics, which is the industry’s first full-stack, comprehensive safety system for robotics and physical AI, unifying AI compute and safety. Agility is the first to use this in order to build safety into the humanoids that are working in factories, warehouses and logistics operations for customers that include Amazon, GXO, Schaeffler and Toyota Motor Manufacturing Canada. To give a background, Agility is a humanoid robotics and physical AI company.

It is expected that the next generation of autonomous robots would be operating in dynamic environments along with humans, utilising AI foundation models, accelerated compute, as well as distributed sensors. NVIDIA Halos allows companies to rely on a standardized and unified safety architecture. This connects AI compute, system software, sensor data, safety applications, and inspection for robotic systems.

NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units.

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