5 Best Semiconductor Stocks to Invest in According to Ken Griffin’s Citadel Investment Group

Page 5 of 5

1. NVIDIA Corporation (NASDAQ:NVDA)

Citadel Investment Group’s Stake Value: $697 million

Percentage of  Citadel Investment Group’s 13F Portfolio: 0.14%

Number of Hedge Fund Holders: 111

NVIDIA Corporation (NASDAQ:NVDA) is another semiconductor designer that has managed to secure its place at the top of the food chain through strong product performance. The company designs and sells graphics processing units (GPUs) for a wide variety of applications such as video gaming, professional work, enterprise computing, and vehicles.

For its fourth fiscal quarter, NVIDIA Corporation (NASDAQ:NVDA) reported $7.6 billion in revenue and $1.32 in non-GAAP EPS, beating analyst estimates for both. Mizuho raised the company’s price target to $355 from $345 in February 2022, outlining that the company has nothing but growth ahead of it.

Citadel Investment Group owned 2.3 million NVIDIA Corporation (NASDAQ:NVDA) shares which were worth $697 million and represented 0.14% of its portfolio during Q4 2021. Insider Monkey’s survey of 924 hedge funds for the same time period revealed that 111 also had a stake in the company.

NVIDIA Corporation (NASDAQ:NVDA)’s largest investor is Ken Fisher’s Fisher Asset Management with a $1.5 billion stake courtesy of 5.5 million shares suggests Insider Monkey’s research.

In a third quarter 20221 investor letter, Harding Loevner had the following to say about NVIDIA Corporation (NASDAQ:NVDA):

“The proliferation of devices using chips, whether EVs, “things” in lol, or embedded systems more generally, results in the generation of oceans of data potentially needing to be stored, processed, and analyzed. NVIDIA, the leading chip designer wellknown for its graphic processing units and its complementary CUDA software ecosystem, is at the forefront of the effort to provide the analytical platform needed to unlock the full potential of such specialist processors.”

Disclosure: None. You can also take a peek at the 10 Stocks to Buy Now According to Hari Hariharan’s NWI Management and Billionaire Dan Loeb’s Top 10 Stock Picks.

Page 5 of 5