We recently published a list of 14 AI News Updates Wall Street Is Monitoring. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI news updates Wall Street is monitoring.
Merely days after Donald Trump won a tightly-contested election for the top office in the US, Elon Musk, one of his most prominent backers, received further good news as xAI, the AI startup he founded in 2023, raised $5 billion in a funding round. The latest round of funding brought the valuation of the startup to over $50 billion. News publication The Wall Street Journal reported that Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz were part of the raise, while the sovereign wealth fund of Qatar also participated in the funding process. This set of investors had also backed the startup with $6 billion in funding earlier this year.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
xAI has developed Grok, one of the leading AI chatbots in the world. It rivals the performance of chatbots from tech powerhouses with far greater resources. The firm also controls Colossus, one of the most powerful supercomputers globally. The supercomputer will become fully operational by the end of this year and Musk plans on expanding the hardware at the center of this endeavor to 200,000 GPUs. Last year, the startup also released PromptIDE, an integrated development environment designed for prompt engineering and interpretability research.
READ ALSO: 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A close-up of a colorful high-end graphics card being plugged in to a gaming computer.
NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. On November 20, Loop Capital maintained a Buy rating on the stock with a price target of $175 price. In an investor note, the advisory noted that there has been increased noise throughout the Gen AI ecosystem of late, but analysis suggests that Nvidia's anticipated demand trajectory remains intact. The note further detailed that GB200 NVL72 at material volume was really a July-September 2025 event, but it may not matter much as the amount of increased Hopper production may outweigh the amount of Blackwell forgone by the push out.