Top 11 AI and Technology Stocks to Buy According to Hedge Funds

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5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 234

NVIDIA Corporation (NASDAQ:NVDA) is one of the Top AI and Technology Stocks to Buy According to Hedge Funds. On December 12, Reuters reported that NVIDIA Corporation (NASDAQ:NVDA) informed Chinese clients that it is evaluating adding production capacity for its powerful H200 AI chips. This comes after orders surpassed its current output level.

To provide a brief background, the US President Donald Trump recently announced that the US government will allow the company to export H200 processors to China and take a 25% fee on such sales. In addition to the above, Reuters also reported that major Chinese companies, such as Alibaba and ByteDance, reached out to NVIDIA Corporation (NASDAQ:NVDA) with regards to purchasing H200, and they are keen to place large orders.

Elsewhere, NVIDIA Corporation (NASDAQ:NVDA) highlighted that the world hyperscalers, which is a trillion-dollar industry, continue to transform search recommendations and content understanding from classical machine learning to Gen AI. NVIDIA CUDA tends to excel at both.

At Meta, AI recommendation systems continue to deliver better quality and more relevant content, because of which more time is being spent on apps like Facebook and Threads. NVIDIA Corporation (NASDAQ:NVDA) further highlighted that analyst expectations for top CSPs and hyperscalers in 2026 aggregate CapEx continued to rise and is now at ~$600 billion, over $200 billion increase as compared to the start of the year.

In a different development, on December 8, Atif Malik from Citi maintained a “Buy” rating on NVIDIA Corporation (NASDAQ:NVDA)’s stock, with a price objective of $270.00. The rating is backed by a combination of factors demonstrating its strategic positioning in the evolving AI landscape.

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