5 Best Autonomous Vehicle ETFs and Stocks to Invest In

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 84

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor company providing graphics and computing and networking solutions. The company develops chips for personal vehicles and complete AV commercialization as well.

Needham’s Rajvindra Gill reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) shares on September 2. The analyst also placed a $170 price target on the stock.

The company’s revenue in the second quarter of 2023 was $6.7 billion, up 3% year over year and beating estimates by 3.47 million. Over the next three to five years, its EPS is expected to grow by 21.8%.

NVIDIA Corporation (NASDAQ:NVDA) was found among the 13F holdings of 84 hedge funds in the second quarter, and 102 hedge funds in the previous quarter. Their total stake values were $3.3 billion and $6.4 billion, respectively.