10 Most Widely Held Stocks by Hedge Funds

6. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 179

NVIDIA Corporation (NASDAQ:NVDA) is one of the most popular stocks at the moment, also referred to as the AI star. The GPU maker is known for its cloud solutions, chip systems, and growing role in producing artificial intelligence solutions.

The company logged $26.3 billion in data center revenue, up 16% from the previous quarter and 154% year-over-year. The revenue growth was driven by strong demand for Nvidia’s GPU Computing platform. Overall, NVIDIA Corporation (NASDAQ:NVDA) logged $30 billion in revenue during the FQ2 of 2025, up by 122% year-over-year, well above its outlook of only $28 billion.

NVIDIA Corporation (NASDAQ:NVDA) is one of the most widely held stocks by hedge funds. Such can be attributed to its rapid advancements in technology and strategic partnerships. The company’s networking platform for AI, Spectrum X, is projected to become a multi-billion dollar entity in a year. Moreover, the company just closed a deal with Salesforce allowing organizations to benefit from advanced AI and data capabilities. Two weeks ago, NVIDIA launched a new AI tool, Aerial, to optimize wireless networks that will meet the needs of the next generation on mobile, robots, autonomous vehicles, and 5G.

Analysts are bullish on NVDA and their 12-month median price target of $150 points to a 24% upside from current levels. At the close of Q2 2024, 179 investors were bullish on NVDA, with total stakes amounting to $53.7 billion.

Ithaka Group’s Ithaka US Growth Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2024 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) is the market leader in visual computing through the production of high-performance graphics processing units (GPUs). The company targets four large and growing markets: Gaming, Professional Visualization, Data Center, and Automotive. NVIDIA’s products have the potential to lead and disrupt some of the most exciting areas of computing, including: data center acceleration, artifi cial intelligence (AI), machine learning, and autonomous driving. The reason for the stock’s appreciation in the quarter was twofold: First, the stock benefi ted from tremendous excitement surrounding the further development of generative AI and the likelihood this would necessitate the purchase of a large number of Nvidia’s products far into the future; Second, Nvidia posted another strong beat[1]and-raise quarter, where the company upped its F2Q25 revenue guidance above Street estimates, showcasing its dominant position in the buildout of today’s accelerated computing infrastructure.”