January 21, 2026

📖 22 min read
📝 2149 words
finance  
Nvidia Stock Surges While AMD Plans MI450 AI Accelerator

Three prominent billionaire hedge fund managers, Cliff Asness, Israel Englander, and Steven Cohen, significantly increased their holdings in Nvidia and Western Digital during the third quarter. Nvidia's stock has seen an impressive 1,180% surge since January 2023, while Western Digital's stock climbed 830% in the same period. Western Digital also reported strong first quarter fiscal 2026 results, with revenue rising 27% to $2.8 billion, driven by high demand for HDD storage.

Meanwhile, billionaire Chamath Palihapitiya identifies copper as the top artificial intelligence investment for 2026. He highlights that while many focus on chips and data centers, the raw material powering AI infrastructure is crucial. Data center electricity demand is projected to increase by over 130% by 2030, making copper essential for conducting electricity in AI chips and server racks.

Looking ahead, investors are considering Micron and Advanced Micro Devices (AMD) as companies that could potentially outperform Nvidia in 2026. Micron, a key player in high-bandwidth memory (HBM) for AI data centers, saw its first quarter fiscal 2026 revenue grow 57% to $13.6 billion. AMD plans to launch its MI450 AI accelerator this year, aiming to surpass Nvidia's upcoming Vera Rubin platform and offer a more affordable solution.

OpenAI's Chief Financial Officer, Sarah Friar, predicts 2026 will mark the year of

Key Takeaways

  • Billionaire hedge fund managers Cliff Asness, Israel Englander, and Steven Cohen invested in Nvidia and Western Digital during Q3.
  • Nvidia's stock surged 1,180% and Western Digital's stock increased 830% since January 2023.
  • Western Digital reported Q1 fiscal 2026 revenue of $2.8 billion, a 27% increase.
  • Chamath Palihapitiya predicts copper will be the top AI investment for 2026, citing a projected 130% increase in data center electricity demand by 2030.
  • Micron and AMD are positioned as potential outperformers against Nvidia in 2026.
  • Micron's Q1 fiscal 2026 revenue grew 57% to $13.6 billion, driven by demand for high-bandwidth memory (HBM).
  • AMD plans to release its MI450 AI accelerator this year, aiming to compete with Nvidia's Vera Rubin platform.
  • OpenAI's CFO Sarah Friar expects 2026 to be the year of "practical adoption" for AI, with the company's annualized revenue surging from $2 billion in 2023 to over $20 billion in 2025.
  • Jabil Inc. is expanding its AI infrastructure presence, projecting AI-related revenues of $12.1 billion in fiscal 2026.
  • Tesla CEO Elon Musk emphasized the company's focus on AI chips, while legal AI startup Ivo secured $55 million in funding.

Billionaires Invest in Nvidia and Western Digital AI Stocks

Three billionaire hedge fund managers, Cliff Asness, Israel Englander, and Steven Cohen, bought shares of Nvidia and Western Digital in the third quarter. These companies are leaders in artificial intelligence AI infrastructure and storage technology. Nvidia's stock has surged 1,180% since January 2023, while Western Digital's stock increased 830% in the same period. Despite these big gains, the billionaires still show confidence in both stocks, especially Nvidia. Western Digital also reported strong first quarter fiscal 2026 results, with revenue up 27% to $2.8 billion due to high demand for HDD storage.

Billionaires Boost Nvidia and Western Digital AI Holdings

Three billionaire hedge fund managers, Cliff Asness, Israel Englander, and Steven Cohen, bought shares of Nvidia and Western Digital in the third quarter. These companies are leaders in artificial intelligence AI infrastructure and storage technology. Nvidia's stock has surged 1,180% since January 2023, while Western Digital's stock increased 830% in the same period. Despite these big gains, the billionaires still show confidence in both stocks, especially Nvidia. Western Digital also reported strong first quarter fiscal 2026 results, with revenue up 27% to $2.8 billion due to high demand for HDD storage.

Top Investors Buy Nvidia and Western Digital AI Shares

Three billionaire hedge fund managers, Cliff Asness, Israel Englander, and Steven Cohen, bought shares of Nvidia and Western Digital in the third quarter. These companies are leaders in artificial intelligence AI infrastructure and storage technology. Nvidia's stock has surged 1,180% since January 2023, while Western Digital's stock increased 830% in the same period. Despite these big gains, the billionaires still show confidence in both stocks, especially Nvidia. Western Digital also reported strong first quarter fiscal 2026 results, with revenue up 27% to $2.8 billion due to high demand for HDD storage.

Billionaires Purchase High Performing AI Stocks

Three billionaire hedge fund managers, Cliff Asness, Israel Englander, and Steven Cohen, bought shares of Nvidia and Western Digital in the third quarter. These companies are leaders in artificial intelligence AI infrastructure and storage technology. Nvidia's stock has surged 1,180% since January 2023, while Western Digital's stock increased 830% in the same period. Despite these big gains, the billionaires still show confidence in both stocks, especially Nvidia. Western Digital also reported strong first quarter fiscal 2026 results, with revenue up 27% to $2.8 billion due to high demand for HDD storage.

Chamath Palihapitiya Predicts Copper is Top AI Investment

Billionaire Chamath Palihapitiya believes copper will be the best artificial intelligence AI investment for 2026. He states that while many focus on chip and data center stocks, the real winner is the raw material needed to power AI infrastructure. Data centers consume a lot of electricity, and this demand is expected to increase by over 130% by 2030. Copper is essential for conducting electricity in AI chips and server racks. Investors can buy copper stocks like Freeport-McMoRan, Southern Copper, or ETFs such as iShares Copper and Metals Mining ETF, or the United States Copper Index Fund.

Chamath Palihapitiya Names Copper Top AI Investment

Billionaire Chamath Palihapitiya believes copper will be the best artificial intelligence AI investment for 2026. He states that while many focus on chip and data center stocks, the real winner is the raw material needed to power AI infrastructure. Data centers consume a lot of electricity, and this demand is expected to increase by over 130% by 2030. Copper is essential for conducting electricity in AI chips and server racks. Investors can buy copper stocks like Freeport-McMoRan, Southern Copper, or ETFs such as iShares Copper and Metals Mining ETF, or the United States Copper Index Fund.

Palihapitiya Sees Copper as Key AI Investment for 2026

Billionaire Chamath Palihapitiya believes copper will be the best artificial intelligence AI investment for 2026. He states that while many focus on chip and data center stocks, the real winner is the raw material needed to power AI infrastructure. Data centers consume a lot of electricity, and this demand is expected to increase by over 130% by 2030. Copper is essential for conducting electricity in AI chips and server racks. Investors can buy copper stocks like Freeport-McMoRan, Southern Copper, or ETFs such as iShares Copper and Metals Mining ETF, or the United States Copper Index Fund.

Two AI Stocks May Outperform Nvidia in 2026

Investors are looking at Micron and Advanced Micro Devices AMD as potential AI stocks that could grow faster than Nvidia in 2026. Micron develops high-bandwidth memory HBM, which is in high demand for AI data centers. Its revenue grew 57% to $13.6 billion in the first quarter of fiscal 2026. AMD plans to release its MI450 AI accelerator this year, which it believes could outperform Nvidia's upcoming Vera Rubin platform and be more affordable. AMD's revenue increased 36% to $9.2 billion in the third quarter of 2025, with net income rising 61%. These companies offer strong growth potential as the AI market continues to expand.

AMD Aims for Strong AI Comeback in 2026

Advanced Micro Devices AMD is making a significant push into the artificial intelligence AI market, aiming for a turnaround year in 2026. While Nvidia currently dominates the AI processor space, AMD is developing new purpose-built solutions. CEO Lisa Su has shared positive growth expectations for AMD's AI division. The company's data center revenue, largely from AI, grew 22% year over year in the most recent quarter. AMD plans to launch its Instinct MI450 series of GPUs in late 2026, which is expected to further accelerate its AI growth.

Morgan Stanley Picks Top Stocks for AI Memory Boom

Morgan Stanley analysts identified memory capacity as a key bottleneck in the artificial intelligence AI build-out, creating strong investment opportunities. They expect memory pricing to climb and favorable market conditions to last through 2027. The investment bank named several top stock picks across different memory and semiconductor areas. These include Samsung, Micron, and SK Hynix for DRAM, and Winbond for legacy memory, with DDR4 pricing expected to jump significantly in early 2026. Western Digital is a top choice for storage, while Disco is favored for advanced packaging, and Applied Materials and ASML for semiconductor equipment and EUV technology.

OpenAI CFO Says 2026 is Key for AI Adoption

OpenAI's Chief Financial Officer Sarah Friar announced that 2026 will be the year for the "practical adoption" of artificial intelligence AI. The company aims to bridge the gap between what AI can do and how people, businesses, and countries use it daily. Friar sees major opportunities for growth in health, science, and enterprise sectors. She also revealed OpenAI's annualized revenue surged from $2 billion in 2023 to over $20 billion in 2025. This rapid growth aligns with the expansion of OpenAI's computing power, which increased from 0.2 gigawatts in 2023 to about 1.9 gigawatts last year.

Legal AI Startup Ivo Secures 55 Million Dollar Funding

Legal artificial intelligence AI startup Ivo raised $55 million in a Series B funding round, led by existing investor Blackbird. The company, now valued at about $355 million, plans to use the funds to speed up its platform development and hire more salespeople. Ivo helps businesses like Uber and IBM quickly review contracts and gain insights from past deals. Its revenue has increased sixfold since its last funding round in February of last year. CEO Min-Kyu Jung stated that Ivo achieves high accuracy by dividing reviews into over 400 separate AI tasks. The San Francisco based company aims to triple its current staff of 60 by the end of 2026.

Jabil Boosts AI Infrastructure Presence and Revenue

Jabil Inc. is actively expanding its role in the artificial intelligence AI infrastructure market, aiming to be a full-stack partner for large tech companies. The company recently acquired Hanley Energy Group for $725 million to enhance its power management solutions for data centers. Jabil also plans to invest $500 million in the Southeast US to boost manufacturing and workforce development for cloud and AI data centers. Management expects AI-related revenues to reach $12.1 billion in fiscal 2026, showing a 35% year over year growth. Competitors like Flex Ltd. and Sanmina Corporation are also making moves in this growing market.

Tesla Stock Falls as Elon Musk Prioritizes AI Chips

Tesla stock experienced a drop in early trading, aligning with the broader market's performance. This occurred after CEO Elon Musk emphasized the company's focus on artificial intelligence AI chips over the long weekend. Year to date, Tesla's stock is down about 3%, though it has seen a 2% increase over the past 12 months. Musk's comments highlight Tesla's ongoing commitment to advancing AI technology.

Tech Stocks Fall Amid Trade War Fears and AI Profit Taking

Several technology stocks, including GitLab, Samsara, SoundHound AI, and 8x8, saw declines in afternoon trading. This drop followed increased geopolitical tensions between the United States and the European Union, raising fears of a new trade war. The broader market shifted to a "risk-off" mode, impacting tech companies with significant international business. Investors also took profits from the artificial intelligence AI trade, moving capital into defense stocks. Samsara's shares, for example, fell 7% and are down 4.8% since the beginning of the year.

Xometry Achieves Record Revenue with AI Manufacturing Platform

Xometry, founded in 2013, is a leader in the manufacturing industry through its artificial intelligence AI powered marketplace. The company reported a record third quarter revenue of $181 million, marking a 28% increase from the previous year. Xometry also achieved an adjusted EBITDA of $6.1 million, showing strong operational efficiency. Its AI driven approach is expected to drive continued success and increase adoption by businesses.

Sources

NOTE:

This news brief was generated using AI technology (including, but not limited to, Google Gemini API, Llama, Grok, and Mistral) from aggregated news articles, with minimal to no human editing/review. It is provided for informational purposes only and may contain inaccuracies or biases. This is not financial, investment, or professional advice. If you have any questions or concerns, please verify all information with the linked original articles in the Sources section below.

Nvidia Western Digital Micron Advanced Micro Devices (AMD) Samsung SK Hynix OpenAI Jabil Tesla Xometry Ivo AI Infrastructure AI Chips Semiconductors Memory Technology GPUs High-Bandwidth Memory (HBM) Copper AI Investment Market Trends AI Adoption Legal AI AI Manufacturing Cloud Computing Elon Musk Chamath Palihapitiya Morgan Stanley

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