5 Semiconductor Stocks To Watch Amid Russia-Ukraine War

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 111

NVIDIA Corporation (NASDAQ:NVDA) is the largest semiconductor designer in the world in terms of market capitalization. The company is primarily responsible for designing and selling graphics processing units (GPUs) to a wide variety of corporate and other customers. It also sells its products to the general public, and was in the spotlight lately due to a failed bid to acquire British design house Arm Ltd.

During its fiscal fourth quarter, NVIDIA Corporation (NASDAQ:NVDA) managed to earn $7.6 billion in revenue and $1.32 in non-GAAP EPS, beating analyst estimates for both. In its ongoing quarter, NVIDIA will pay a massive termination fee to Arm Ltd. due to its failed acquisition bid. 111 out of the 924 hedge funds polled by Insider Monkey during Q4 2021 had owned a stake in the company. Mizuho raised NVIDIA Corporation (NASDAQ:NVDA)’s price target to $345 from $335 in February 2022, outlining that the company had provided solid guidance.

Ken Fisher’s Fisher Asset Management is NVIDIA Corporation (NASDAQ:NVDA)’s largest investor through a $1.9 billion stake via owning 5.1 million shares.

Disclosure: None. You can also take a peek at 10 Most Profitable Industries in the US and Billionaire Masayoshi Son’s Top 10 Stock Picks for 2021.

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