5 Best 5G Stocks to Buy Now

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1. NVIDIA Corporation (NASDAQ: NVDA)

Number of Hedge Fund Holders: 88

Nvidia tops the list of 10 best 5G stocks to buy now. The company is working on hardware and software fit for the futuristic 5G networks and higher speeds. It also offers “Nvidia Aerial,” a software development platform designed for wireless companies for 5G wireless Radio Access Networks (RANs).  The company’s computing architecture CloudXR  is also designed for 5G to render high-quality AR/VR content at the edge and stream it over the 5G networks.

With a $1.9 billion stake in NVDA, GQG Partners owns 3.7 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 88 hedge funds held stakes in NVIDIA as of the end of the fourth quarter, versus 82 funds in the third quarter.

Mairs & Power, in their Q4 2020 investor letter, mentioned NVIDIA Corporation (NASDAQ: NVDA). Here is what Mairs & Power has to say about NVIDIA Corporation in their Q4 2020 investor letter:

“The Fund’s biggest relative contributor in 2020 was Nvidia (NVDA). Nvidia specializes in graphics cards for computers, and it has benefited from updated chipsas well as strong market positions in applications and machine learning.”

You can also take a peek at Billionaire Jim Simons’ Top 10 Stock Picks and Billionaire Steve Cohen’s Top 10 Stock Picks.

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