5 Best Semiconductor Stocks According to Billionaires

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Billionaire Investors: 29

Dollar Value of Billionaire Holdings: $15.395 billion

NVIDIA Corporation (NASDAQ:NVDA) is one of the biggest semiconductor companies in the world that sells its products under the brands GeForce NOW, Quadro, GeForce, SHIELD, vGPU, DOCA, JESTON, and Bluefield.

According to Insider Monkey’s database that tracks 910 elite hedge funds, hedge fund sentiment was positive toward NVIDIA Corporation (NASDAQ:NVDA) in Q3, as 180 funds had a stake in the company, compared to 175 in the previous quarter. Billionaire Rajiv Jain’s GQG Partners was the most prominent investor in the company with 14.04 million shares worth $6.1 billion.

Out of the 34 Wall Street analysts that covered NVIDIA Corporation (NASDAQ:NVDA) over the last three months, 31 kept a Buy rating on the stock. The average price target of $661 had an upside of 38.94% at the time of writing on December 8.

ClariVest Asset Management, LLC mentioned NVIDIA Corporation (NASDAQ:NVDA) in its third quarter 2023 investor letter. Here is what it said:

“During the third quarter of 2023, an underweight to real estate and an overweight to healthcare helped performance, while an overweight to information technology and an underweight to energy detracted. Stock selection was strong within information technology and consumer staples but was weak within financials and communication services. NVIDIA Corporation (NASDAQ:NVDA) designs, develops and markets 3D graphics processors and related software. The company also expanded its partnership with Google Cloud to advance AI computing, software and services.”

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You can also look at the 12 Most Undervalued Blockchain Stocks To Buy According To Hedge Funds and the 12 Best Healthcare Stocks For the Long-Term.

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