Appaloosa's billionaire boss reversed course in the second quarter by becoming a big-time buyer of Nvidia stock and a seller of the hottest AI-networking company.

Ai2, well-known for its work on multimodal AI large language models, will bring its expertise to develop domain-specific LLMs trained on scientific literature. These models are intended to enable researchers to process and analyze research faster, generate code and visualizations and connect emerging insights with past discoveries.

Don’t be fooled by China’s icy response to America’s policy reversal that will allow a key Nvidia Corp. artificial intelligence chip back on the mainland. The country’s AI ambitions currently rely on Nvidia’s hardware,

The other scorching-hot artificial intelligence stock that stands out in Nvidia's $4.33 billion investment portfolio is semiconductor colossus Arm Holdings (NASDAQ: ARM). Nvidia closed out June with the same number of shares of Arm as it had in March (1,101,249), which worked out to a market value of $178.1 million.

Nvidia's (NVDA) upcoming quarterly results on August 27 are likely to be another “positive catalyst” for investors, Wedbush Securities said. Read for more.