Hedge Fund Whale Rock Snaps Up 3 Little-Known AI Stocks in $910M Move

As Wall Street continues pouring money into familiar artificial intelligence (AI) giants like Nvidia Corporation (NVDA), billionaire hedge fund Whale Rock Capital Management is quietly rotating toward a different corner of the AI trade.

In the first quarter, the tech-focused investment firm not only opened new positions in three lesser-known AI infrastructure plays, with $336 million worth of shares in Advanced Energy Industries (AEIS), nearly $180 million in Viavi Solutions (VIAV), and $394 million in MKS (MKSI), but also reduced its stake in Nvidia, signaling a shift away from crowded mega-cap winners and toward the companies powering the next phase of the AI buildout.