10 Best Stocks for Beginners with Little Money According to Hedge Funds

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 193

NVIDIA Corporation (NASDAQ:NVDA) specializes in products and platforms for the gaming, professional visualization, data center, and automotive markets. The chip maker is a pioneer of GPU-accelerated computing and is well known for its GPU technology. As of 2024’s third quarter, the company had 90% of the global GPU market share.

Based on the rising interest in AI and a strong demand for its AI-centric chips across various industries, NVIDIA ended up being the largest global gainer in market capitalization for 2024. Among the most valuable global stocks, the chip maker witnessed its market value increasing by more than $2 trillion last year and hitting $3.28 trillion at the close of 2024.

Although NVIDIA Corporation (NASDAQ:NVDA) is one of the major beneficiaries of the AI boom in tech stocks, the company lost nearly $600 billion in market value as the Chinese AI startup DeepSeek shook the industry, referred to as the largest market value drop in U.S. stock market history. The loss resulted in Apple retaking the position of the world’s most valuable company. Reuters reported that NVDA thinks DeepSeek’s advances point to a need for more of its chips to cater to the demand for DeepSeek’s services in the future and the usefulness of NVDA chips for the Chinese market.