5 Best Long Term Growth Stocks To Invest In

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 84

NVIDIA Corporation (NASDAQ:NVDA) is an information technology company providing graphics and networking solutions. The company operates in the US, Taiwan, China, and internationally.

Ross Seymore, an analyst at Deutsche Bank, reiterated his Hold rating on NVIDIA Corporation (NASDAQ:NVDA) shares on October 18. The analyst also placed a $140 price target on the stock.

In October, NVIDIA Corporation (NASDAQ:NVDA) was among the leading chip stocks helping the sector as a whole gain in the market, showcasing a share price gain of almost 6% on October 17. The company’s revenue in the fiscal second quarter was $6.7 billion, beating estimates by $3.47 million.

In the second quarter, 84 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA), with a total stake value of $3.3 billion. In comparison, 102 hedge funds were long the stock in the previous quarter, with a total stake value of $6.4 billion.

See also 10 Best Japanese Stocks To Buy and 10 Best FTSE Dividend Stocks To Buy.

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