5 Semiconductor Stocks Popular Among Elite Hedge Funds

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 102

NVIDIA Corporation (NASDAQ:NVDA), a semiconductor company, provides graphics and compute and networking solutions in the US, Taiwan, China, and internationally. The company’s products are used in the gaming, professional visualization, data center, and automotive markets.

Barclays analyst Blayne Curtis holds an Overweight rating on NVIDIA Corporation (NASDAQ:NVDA) shares as of this July, alongside a $200 price target.

The same month, Tigress Financial’s Ivan Feinseth noted that NVIDIA Corporation (NASDAQ:NVDA) held a leadership position in data centers, AI, and autonomous technology, which would drive accelerating growth for the company. Feinseth still sees an upside of over 90% for the stock, making it highly tempting to elite hedge funds.

In the first quarter of 2022, 102 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA). Their total stake value was $6.4 billion.

See also 10 Best Construction Materials Stocks To Buy Now and 10 Best Bank Stocks To Buy Now.

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