NVDA

Navitas Semiconductor shares surged after it unveiled new semiconductor power devices designed for Nvidia's 800 VDC AI factory power architecture.

Appaloosa Management's David Tepper heavily bought Intel shares right before its stock price soared on the US government's $11 billion investment in August and subsequent collaboration with Nvidia.

Intel shares have gained over 50% in the past one month, which has turned the US government's $11 billion investment into $16 billion.

Nvidia-backed AI data centre operator CoreWeave shares rose almost 12% on Tuesday after it announced a long-term cloud deal with Meta Platforms.

US megacap tech stocks, which are driving the AI boom, remain the top picks for hedge funds, reaffirming their forecasts of long-term growth potential.

Intel was the top performer on the S&P 500 and Nasdaq yesterday after Nvidia announced its plans to acquire a stake in the company and develop chips for hyperscale and personal computing markets.

Nvidia shares gained 4.3% during early Tuesday trading after the company said the Trump Administration is set to lift its ban on the export of H20 AI chips to China.

Nvidia CEO Jensen Huang became the 7th richest person globally with a net worth of $143.6 billion, surpassing Warren Buffett's fortune of $142.4 billion.

Nvidia's market cap reached $3.7 trillion as the stock price reached an all-time high. The rally boosted the value of Jensen Huang's 4% stake in the company to $135 billion.

Rep. Marjorie Taylor Greene's early May investments in Tesla, Nvidia, Dell Technologies, and Impinj have returned substantial gains in the past few weeks.

Nvidia shares were up in premarket trading after the company posted strong revenue growth driven by rising demand for AI computing and infrastructure.

Nvidia, Microsoft, Apple, Amazon, Alphabet, and Tesla are some of the top companies that have created tremendous value for shareholders between 2015 and 2024.