30 Best Stocks To Invest In According to Billionaires

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6. NVIDIA Corporation (NASDAQ:NVDA)

No. of Billionaire Investors: 29

Total Value of Billionaire Holdings: $33.25 Billion

NVIDIA Corporation (NASDAQ:NVDA) is a manufacturer of high-end GPUs used in HPC, gaming, creative design, autonomous vehicles, and robotics. It supplies its products to system integrators and distributors, consumer internet companies, distributors, original equipment manufacturers, and others.

On February 26, TD Cowen analyst Joshua Buchalter kept a Buy rating on the NVDA shares with a price target of $175 per share. Buchalter expects Nvidia to sustain its growth in the data center business in the coming years. Discussing the Q4 earnings print, Buchalter said that the beat and raise was one that “investors have come to expect from NVIDIA Corporation (NASDAQ:NVDA), albeit more moderate than recent quarters.”

Billionaire Stanley Druckenmiller, as an investor in Nvidia, benefited from a great deal of the stock’s performance in 2024. Druckenmiller closed out his position in NVDA in Q3 2024. In an interview with Bloomberg, Druckenmiller said that he would consider buying the stock again at the right price. Druckenmiller believes in the ability of NVIDIA’s long-term growth. Analysts project the AI market to grow from $200 billion today to over $1 trillion by the end of 2030.

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