10 Best Fast Growth Stocks To Buy Now

Page 6 of 6

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Investors In Q1 2024: 186

TTM P/E Ratio: 62.12

AI and semiconductor stock NVIDIA Corporation (NASDAQ:NVDA) tops our list of the best fast growth stocks, which is unsurprising if we’re honest. NVIDIA Corporation (NASDAQ:NVDA)’s shares have soared by triple digit percentages over the past year, and this has also been the case for its revenue and profit. The latest set of results for the first quarter saw NVIDIA Corporation (NASDAQ:NVDA) beat analyst revenue estimates of $24.6 billion by posting $26 billion. Adjusted EPS of $6.12 beat analyst estimates of $5.59.

By Q1 2024 end, 186 out of the 933 hedge funds part of Insider Monkey’s database were NVIDIA Corporation (NASDAQ:NVDA)’s stakeholders. Rajiv Jain’s GQG Partners held the largest stake which was worth $12 billion.

Follow Nvidia Corp (NASDAQ:NVDA)

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at Jim Cramer is Recommending These Stocks and the 15 Best ARK Stocks To Buy Now.

Page 6 of 6