Nvidia Corp. (NASDAQ:NVDA) is one of the best ESG stocks to buy now according to hedge funds. On September 11, Reuters reported that Alibaba Group (NYSE:BABA) and Baidu (NASDAQ:BIDU) have begun training certain AI models on internally designed chips, marking a shift away from complete reliance on Nvidia processors. According to the news portal The Information, Alibaba has been using its own chips for smaller models since early this year, while Baidu is testing its Kunlun P800 chip to train new versions of ...

This concentration risk goes beyond too much money being exposed to technology stocks. It's industry-specific. And yes, artificial intelligence is that industry. Analytics outfit FactSet reports a record-breaking 287 of the S&P 500's companies mentioned AI at least once during the second-quarter earnings calls, extending a growth trend that was less than 60 counts as of the third-quarter of 2022, right before the launch of ChatGPT sparked an artificial intelligence arms race.Still, it's an imbalance that in ...