5 Tech Stocks to Buy According to Billionaire David Harding

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1. NVIDIA Corporation (NASDAQ:NVDA)

Winton Capital Management’s Stake Value: $15,034,000

Percentage of Winton Capital Management’s 13F Portfolio: 0.84%

Number of Hedge Fund Holders: 83

NVIDIA Corporation (NASDAQ:NVDA) is the top tech stock in David Harding’s third quarter portfolio, with the billionaire elevating his stake in the company by 310%, holding 72,572 shares worth over $15 million. NVIDIA Corporation (NASDAQ:NVDA) is a multinational tech company specializing in graphics processing units, central processing units, chipsets, drivers, and other related technology products. 

In the third quarter earnings report published on November 17 by NVIDIA Corporation (NASDAQ:NVDA), the company posted an EPS of $1.17, exceeding estimates by $0.06. Revenue over the period jumped 50.30% year-over-year to $7.10 billion, outperforming estimates by approximately $290 million. 

GQG Partners, the largest NVIDIA Corporation (NASDAQ:NVDA) stakeholder, extended its position in the company by 308% in the third quarter, holding over 15 million shares worth $3.1 billion. Overall, 83 hedge funds tracked by Insider Monkey were long NVIDIA Corporation (NASDAQ:NVDA) in Q3 2021, down from 86 funds in the preceding quarter. 

Here is what Harding Loevner Global Equity Fund has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2021 investor letter:

“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 well known 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.”

You can also take a look at Top 10 Stock Picks of Barry Rosenstein’s JANA Partners and 10 Best High Dividend Stocks in Canada for 2022

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