5 Best Hot Stocks to Buy For March

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Q4 2023 Hedge Fund Shareholders: 173

One Month Share Price Appreciation: 26.62%

NVIDIA Corporation (NASDAQ:NVDA) is the darling of Wall Street as evidenced by its share price performance. However, a recent report from Goldman Sachs adds color to its stock, as the firm reports that while bullish NVIDIA call options are still popular, as a whole, hedge funds have started to sell technology stocks.

During 2023’s fourth quarter, 173 out of the 933 hedge funds covered by Insider Monkey’s research had piled into the firm. Rajiv Jain’s GQG Partners was the largest NVIDIA Corporation (NASDAQ:NVDA) shareholder since it owned 13.9 million shares that were worth $6.8 billion.

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