In this piece, we will take a look at the five best edge computing stocks to buy now. For more stocks, take a look at 10 Best Edge Computing Stocks to Buy Now.
5. Lumen Technologies, Inc. (NYSE:LUMN)
Number of Hedge Fund Investors In Q4 2022: 34
Lumen Technologies, Inc. (NYSE:LUMN) is a diversified networking company that also provides edge cloud services. The firm’s products allow customers to co-locate their operations and run and operate data centers and content delivery services. It is based in Monroe, Louisiana.
34 of the 943 hedge funds polled by Insider Monkey had bought Lumen Technologies, Inc. (NYSE:LUMN)’s shares during Q4 2022.
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4. Hewlett Packard Enterprise Company (NYSE:HPE)
Number of Hedge Fund Investors In Q4 2022: 37
Hewlett Packard Enterprise Company (NYSE:HPE) is one of the largest enterprise computing product providers in the world. The firm’s edge computing platform is called HP Edgeline, and it has several products such as an all in one computing system, server blades, software, and adapters. The firm is headquartered in Spring, Texas.
By the end of last year’s fourth quarter, 37 of the 943 hedge funds surveyed by Insider Monkey had bought Hewlett Packard Enterprise Company (NYSE:HPE)’s shares. Out of these, Richard S. Pzena’s Pzena Investment Management is the company’s largest investor. It owns 29 million shares that are worth $469 million.
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3. Cloudflare, Inc. (NYSE:NET)
Number of Hedge Fund Investors In Q4 2022: 40
Cloudflare, Inc. (NYSE:NET) is an American company that is headquartered in San Francisco, California. The firm provides developer software solutions that enable users to control and command their products at the network edge. This includes building serverless applications and deploying new networks alongside overhauling existing ones.
40 of the 943 hedge funds part of Insider Monkey’s December 2022 survey had held a stake in the company. Out of these, Cloudflare, Inc. (NYSE:NET)’s largest shareholder is Paul Marshall and Ian Wace’s Marshall Wace LLP which owns 2.6 million shares that are worth $119 million.
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2. Arista Networks, Inc. (NYSE:ANET)
Number of Hedge Fund Investors In Q4 2022: 53
Arista Networks, Inc. (NYSE:ANET) is an American firm central to the conversation about edge computing. Its network switches enable edge providers to balance their networks and manage data flow. The company is based in Santa Clara, California.
As of Q4 2022, 53 of the 943 hedge funds polled by Insider Monkey had invested in Arista Networks, Inc. (NYSE:ANET). The company’s largest investor is Steven Cohen’s Point72 Asset Management which owns 1.8 million shares that are worth $219 million.
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1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Investors In Q4 2022: 106
Any conversation about edge computing is incomplete without NVIDIA Corporation (NASDAQ:NVDA), the world’s most consequential semiconductor firm. NVIDIA’s products enable firms to use artificial intelligence to directly process their data at the site instead of transferring it to a central system.
Insider Monkey’s fourth quarter of 2022 943 hedge fund survey revealed that 106 had bought the firm’s shares. NVIDIA Corporation (NASDAQ:NVDA)’s largest investor in our database is Ken Fisher’s Fisher Asset Management which owns ten million shares that are worth $1.4 billion.
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Disclosure: None. You can also take a look at 14 Cheap Quarterly Dividend Stocks to Buy and 12 Best Low-Priced Technology Stocks To Invest In.
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