10 Best High Volume Stocks To Buy According to Hedge Funds

Page 9 of 9

1. NVIDIA Corporation (NASDAQ:NVDA)

Avg Volume: 340.04 million

Quarterly Revenue Growth: 122.40%

Number of Hedge Fund Holders: 179

NVIDIA Corporation (NASDAQ:NVDA) is a market leader in designing and selling Graphics Processing Units (GPUs), a sector that has experienced significant growth due to rising demand for artificial intelligence models. Over the past four quarters, NVIDIA has achieved record results, with profit margins exceeding 60%.

Recently, William Blair initiated coverage of NVIDIA Corporation (NASDAQ:NVDA) with an Outperform rating, recognizing the company’s leadership in parallel computing and its strong position in the AI industry. The firm highlighted NVIDIA’s extensive history in designing parallel computing systems, which has enabled the company to penetrate high-growth markets such as gaming, automotive, and high-performance computing (HPC). Analysts noted that NVIDIA’s data center revenue soared by 217% in fiscal 2024 and is projected to grow by 132% in fiscal 2025, potentially exceeding $110 billion, up from just $15 billion in fiscal 2023. William Blair also emphasized that NVIDIA’s system-level approach has expanded its total addressable market from approximately $100 billion in GPUs to a broader $800 billion semiconductor market and a $1.6 trillion cloud services market.

In the second quarter, a total of 179 hedge funds held long positions in NVIDIA Corporation (NASDAQ:NVDA), with a combined stake value of $53.7 billion.

While NVDA is an exceptional investment, we believe that certain AI stocks hold promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than the ones mentioned in our list but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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.

Page 9 of 9