5 Best Stocks For Long Term Growth

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 173

P/E Ratio: 95.88

NVIDIA Corporation (NASDAQ:NVDA), a renowned American multinational technology firm based in Delaware, excels in integrated circuit development. Its expertise spans various devices, from electronic game consoles to personal computers (PCs). With a remarkable surge of over 230% in 2023, NVIDIA Corp (NASDAQ:NVDA) continues to achieve unprecedented highs, driven by its dominant position in the advanced AI chip market.

Insider Monkey’s analysis of 933 hedge fund portfolios revealed 173 investors holding shares of NVIDIA Corporation (NASDAQ:NVDA) as of the end of Q4 2023. Among them, Rajiv Jain’s GQG Partners held the largest stake, valued at $6.8 billion.

Disclosure: None. You can also take a look at 11 Best Gold Stocks For Inflation and Top 12 Oil and Gas Stocks To Invest In According To Hedge Funds. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

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