5 Best Major Stocks to Buy Right Now

In this piece, we will take a look at the five best major stocks to buy right now. For all the latest details about the stock market and the latest news, check out 13 Best Major Stocks to Buy Right Now.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Q4 2023 Hedge Fund Shareholders: 173

NVIDIA Corporation (NASDAQ:NVDA) is Wall Street’s darling when it comes to artificial intelligence due to its high performance GPUs. February 2024 has seen investors further reward the firm as the shares are up by 14% over the month on the back of rumors of a new custom chip division in the works at the company.

During December 2023, 173 out of the 933 hedge funds tracked by Insider Monkey were the firm’s investors. NVIDIA Corporation (NASDAQ:NVDA)’s largest hedge fund investor is Rajiv Jain’s GQG Partners as it holds 14 million shares that are worth $6.8 billion.

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Q4 2023 Hedge Fund Shareholders: 214

Alphabet Inc. (NASDAQ:GOOGL) is another tech major and a major player in the artificial intelligence industry. 2024 has seen the firm further beef up its A.I. offerings by introducing the more advanced Gemini A.I. model to some products.

Insider Monkey scanned through 933 hedge fund holdings for Q4 2023 to find 214 Alphabet Inc. (NASDAQ:GOOGL) shareholders. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $6.3 billion.

3. Meta Platforms, Inc. (NASDAQ:META)

Number of Q4 2023 Hedge Fund Shareholders: 242

Meta Platforms, Inc. (NASDAQ:META) is a social media and communications company headquartered in Menlo Park, California. 2024 has been a great year for the firm as the stock is up by 35% year to date on the back of strong A.I. announcements and a surprise 50 cent dividend.

For their December quarter of 2023 shareholdings, 242 out of the 933 hedge funds tracked by Insider Monkey were the firm’s shareholders. Meta Platforms, Inc. (NASDAQ:META)’s largest investor in our database is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $3.9 billion stake.

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Q4 2023 Hedge Fund Shareholders: 293

Amazon.com, Inc. (NASDAQ:AMZN) is the Washington state based eCommerce behemoth. Wall Street continues to favor its stock as the shares are rated Strong Buy on average, and the average analyst share price target is $204.66.

By the end of last year’s fourth quarter, 293 out of the 933 hedge funds covered by Insider Monkey’s research had bought and owned Amazon.com, Inc. (NASDAQ:AMZN)’s shares. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $6.4 billion.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Q4 2023 Hedge Fund Shareholders: 302

Microsoft Corporation (NASDAQ:MSFT) is the software company best known for its Windows operating system, Xbox, and Azure cloud computing. Its Copilot chatbot revealed the limitations of A.I. ahead of the Super Bowl weekend after the bot incorrectly assumed that the final was over even before it officially began!

During Q4 2023, 302 out of the 933 hedge funds tracked by Insider Monkey were the firm’s shareholders. Out of these, the largest stakeholder was Michael Larson’s Bill & Melinda Gates Foundation Trust due to its $14.3 billion investment.

Disclosure: None. You can also take a look at 11 Best Gold Stocks For Inflation and 15 Best Long Term Care Insurance Companies Heading into 2024.

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