5 Stocks US Politicians Bought Before Russia’s Attack on Ukraine

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 110

NVIDIA Corporation (NASDAQ:NVDA) has gained 14.30% in the last month amid the global shortages of semiconductors and chips. NVIDIA Corporation (NASDAQ:NVDA) is a California-based manufacturer of semiconductors, graphics processing units, graphics cards, consumer electronics, video games, and computer hardware. 

Walter Schrader, the U.S. representative for Oregon’s 5th congressional district, purchased NVIDIA Corporation (NASDAQ:NVDA) shares on February 22, worth somewhere between $1,001 and $15,000. The transaction was disclosed in a Period Transaction Report dated March 1. 

On March 21, BMO Capital analyst Ambrish Srivastava kept an Outperform rating and a $375 price target on NVIDIA Corporation (NASDAQ:NVDA) ahead of its analyst day, noting that the event in the past has served as a positive catalyst for the shares. The analyst expects the company to emphasize on more use cases and customer wins in the Omniverse space.

Elite hedge funds hold large stakes in NVIDIA Corporation (NASDAQ:NVDA). In Q4 2021, 110 funds were bullish on NVIDIA Corporation (NASDAQ:NVDA), up from 83 funds in the earlier quarter. Fisher Asset Management owns a significant stake in the company, with shares worth $1.50 billion. 

Here is what Saturna Capital Amana Funds has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2021 investor letter:

“Concerning the stock market, we avoid short-term predictions. But what of the next decade? A theme since the start of the pandemic has been the big getting bigger. Nvidia carved out a strong business, but we do not view its position as unassailable given evolving markets and capable competitors.”

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