5 Best American Tech Stocks to Buy

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 264

NVIDIA Corporation (NASDAQ:NVDA) ranks among the best American tech stocks to buy. On April 30, Reuters reported that strong demand for AI computing equipment in China has pushed the price of NVIDIA Corporation’s (NASDAQ:NVDA) B300 ​servers to around 7 million yuan, or about $1 million each.

Industry sources said this sharp increase comes as a crackdown on chip smuggling has reduced supply in the black market. The prices for B300 servers, which are the company’s most advanced and powerful servers, critical for AI tasks, have increased since early this year. However, prices jumped after the grey market, which is an important supply channel, came under pressure.

According to the sources, strong computing demand from Chinese tech companies is driving the price surge, even when many companies are careful about holding NVIDIA Corporation (NASDAQ:NVDA) hardware directly on their books to avoid possible exposure to US sanctions.

At the same time, uncertainty around NVIDIA Corporation’s (NASDAQ:NVDA) H200 chips has added further pressure to prices. Although both governments have approved exports of the H200, the chips have still not been shipped to China due to disagreements over the conditions governing its sale.

NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company known for producing graphics processing units (GPUs), AI hardware and software, and high-performance computing (HPC) solutions.