5 Best Robinhood Stocks According to Billionaires

This article presents an overview of the 5 Best Robinhood Stocks According to Billionaires. For a detailed overview of such stocks, read our article, 11 Best Robinhood Stocks According to Billionaires.

5. NVIDIA Corp (NASDAQ:NVDA)

Number of Billionaire Investors: 29

One of the obvious names in our list of the best Robinhood stocks is NVIDIA Corp (NASDAQ:NVDA), which has nothing but glory days ahead due to the huge growth in AI chips demand. Both retail investors and billionaires have been piling into the stock to ride the AI wave.

Citi recently opened a 30-day catalyst watch on NVIDIA Corp (NASDAQ:NVDA) as it believes the stock can rally more in the short-term on upcoming catalysts.

“Our supply chain discussions indicate a stronger-than-expected CY2024 GPU unit outlook of 3.7M+ vs. our 3.2M forecast. A strong 2024 unit outlook implies accelerating US hyperscale cloud capex next year and faster-than-expected adoption of NVDA’s upcoming H200 and B100 GPUs,” Citi analysts Atif Malik and Papa Sylla said in a note.

Here is what White Brook Capital has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2023 investor letter:

“The magnificent seven, that underpin the S&P 500 performance, which includes NVIDIA Corporation (NASDAQ:NVDA), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth. Small and midcap stocks, on the other hand, have been systemically penalized by fears of recession and continue to price that eventuality even as significantly better outcomes have become more probable. Today, it’s relatively easy to find attractive investments in this segment.”