5 Semiconductor Stocks To Buy Today According to Billionaire Ken Fisher

4. NVIDIA Corporation (NASDAQ:NVDA)

Fisher Asset Management’s Stake Value: $1.5 billion

Percentage of Fisher Asset Management’s 13F Portfolio: 0.84%

Number of Hedge Fund Holders: 111

NVIDIA Corporation (NASDAQ:NVDA) is a graphics processing unit (GPU) designer whose products enable different kinds of calculations alongside a system’s central processing unit (CPU). Originally starting out as a firm providing products to video gamers, NVIDIA Corporation (NASDAQ:NVDA) is now diversifying its presence to include corporate customers as well.

NVIDIA Corporation (NASDAQ:NVDA) raked in $7.6 billion in revenue and $1.32 in non-GAAP EPS during its fourth fiscal quarter, in a strong set of results that saw it beat analyst estimates for both. Despite the company having to pay a billion dollar termination fee to the British design house Arm Ltd. as part of a failed takeover attempt, Mizuho raised NVIDIA Corporation (NASDAQ:NVDA)’s price target to $355 from $345 in February 2022, based on the chip firm’s strong guidance. Out of the 924 hedge funds profiled by Insider Monkey in Q4 2021, 111 had owned a stake in the company.

Mr. Fisher’s investment firm had held a $1.5 billion stake in NVIDIA Corporation (NASDAQ:NVDA) during Q4 2021, which translated into 0.84% of its investment portfolio and came through owning 5.1 million shares.

In a third quarter 20221 investor letter, Harding Loevner had the following to say about NVIDIA Corporation (NASDAQ:NVDA):

“The proliferation of devices using chips, whether EVs, “things” in lol, or embedded systems more generally, results in the generation of oceans of data potentially needing to be stored, processed, and analyzed. NVIDIA, the leading chip designer wellknown for its graphic processing units and its complementary CUDA software ecosystem, is at the forefront of the effort to provide the analytical platform needed to unlock the full potential of such specialist processors.”

Israel Englander’s Millennium Management is NVIDIA Corporation (NASDAQ:NVDA)’s second largest investor after Fisher Asset Management through a $1.1 billion stake that comes via 3.8 million shares.