5 Hot Growth Stocks To Buy Right Now

2. NVIDIA Corporation (NASDAQ:NVDA)

P/E Ratio: 75.70

Avg Volume: 53.44 million

Quarterly Revenue Growth: 265.28%

Number of Hedge Fund Holders: 173

NVIDIA Corporation (NASDAQ:NVDA), an American multinational technology company headquartered in Delaware, is highly regarded for its expertise in integrated circuit development. The company’s proficiency spans various devices, from electronic game consoles to personal computers (PCs). Notably, NVIDIA’s stock witnessed a notable surge of over 230% in 2023, attributed to its leading position in the market for advanced AI chips.

During Q4 2023, 173 out of the 933 hedge funds tracked by Insider Monkey held a stake in NVIDIA Corporation (NASDAQ:NVDA). Rajiv Jain’s GQG Partners emerged as the largest stakeholder, with investments totaling $6.8 billion in the company.