5 Best Semiconductor Stocks To Invest In for the AI Boom

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Investors In Q4 2023: 173

NVIDIA Corporation (NASDAQ:NVDA) is the stock darling of the AI sector. Its importance to the semiconductor sector was clear in February 2024, as ahead of the firm’s fourth quarter earnings release, not only did the media start dubbing NVIDIA Corporation (NASDAQ:NVDA)’s report as the most important of the year, but broader indexes fell due to investor jitters.

173 out of the 933 hedge funds tracked by Insider Monkey had held a stake in NVIDIA Corporation (NASDAQ:NVDA) during Q4 2023. Rajiv Jain’s GQG Partners was the biggest stakeholder as it had invested $6.8 billion in the company.

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Disclosure: None. You can also take a look at 12 Best Artificial Intelligence (AI) Stocks To Buy According to Analysts and Best Bail Bond Companies in Each of the 30 Biggest Cities in the US.

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