5 Semiconductor Stocks Billionaires Are Loading Up On

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Billionaire Investors: 22

Dollar Value of Billionaire Holdings: $4,560,858,701

Number of Hedge Fund Holders: 132

NVIDIA Corporation (NASDAQ:NVDA) is a Santa Clara, California-based global technology company that specializes in the designing and manufacturing of graphics processing units (GPUs), system-on-chips (SoCs), and other related technologies. The company is best known for its GPUs, which are used in a variety of applications such as gaming, professional visualization, artificial intelligence (AI), data centres, and autonomous vehicles. NVIDIA Corporation (NASDAQ:NVDA) has secured first place on our list of the best semiconductor stocks billionaires are loading up on.

The company achieved a $1 trillion market capitalization during trading on May 30. Only four other US companies, namely Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT) and Amazon.com, Inc. (NASDAQ:AMZN), have a valuation of more than $1 trillion. NVIDIA Corporation (NASDAQ:NVDA) stock has seen a year-to-date (YTD) gain of over 175% as the company is betting on the AI revolution that is resulting in record sales for the corporation.

Here’s what Polen Capital said about NVIDIA Corporation (NASDAQ:NVDA) in its Q1 2023 investor letter:

“Not owning Apple and NVIDIA Corporation (NASDAQ:NVDA) detracted from our relative performance. With respect to Apple, we have not felt that the combination of growth available and the valuation made for one of our best ideas. Concerning NVIDIA, while there seems to be strong demand for data center chips, the valuation and lack of clarity around pace and magnitude of that growth has kept us at bay to date.”

Disclosure: None. You can also take a look at 10 Best June Dividend Stocks To Buy and 12 Best Software Infrastructure Stocks to Buy.

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