5 Semiconductor Stocks To Buy Today According To Peter Rathjens, Bruce Clark and John Campbell’s Arrowstreet Capital

3. NVIDIA Corporation (NASDAQ:NVDA)

Arrowstreet Capital’s Stake Value: $910 million

Percentage of Arrowstreet Capital’s 13F Portfolio: 1.11%

Number of Hedge Fund Holders: 111

NVIDIA Corporation (NASDAQ:NVDA) is an American company that is at the heart of the ongoing semiconductor revolution. The company is known for designing graphics processing units (GPUs) which were initially used only by gamers to run video games. Since then, NVIDIA Corporation (NASDAQ:NVDA) has now expanded its presence to cover the rapidly growing data center market, allowing its products to complement the central processing units (CPUs) that have traditionally powered these platforms.

Arrowstreet Capital held a $910 million stake in NVIDIA Corporation (NASDAQ:NVDA) during the fourth quarter of 2021. It owned 3 million shares and the stake represented 1.11% of the firm’s investment portfolio. An Insider Monkey survey of 924 during the same period revealed that 111 had also owned the company’s shares.

By the end of its fiscal Q4, NVIDIA Corporation (NASDAQ:NVDA) had earned $7.6 billion in revenue and $1.32 in non-GAAP EPS, beating analyst estimates for both. NVIDIA Corporation (NASDAQ:NVDA) expanded its presence in the high performance computing (HPC) sector in March 2022, after it announced that it had brought a high performance software defined storage company under its wing.

Ken Fisher’s Fisher Asset Management is NVIDIA Corporation (NASDAQ:NVDA)’s largest investor through a $1.5 billion stake via 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.”