Billionaire Chen Tianqiao Dumped 3 Tech Stocks and Betting On These 4 Stocks

2. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 193 

Shanda Asset Management’s Stake: $121.4 million

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. The company’s investment potential is driven by following several factors. To begin with, the investors may consider the company’s financial growth as a top factor. As illustrated in the report of the third quarter of 2024, GAAP (generally accepted accounting principles) earnings per diluted share was 0.78 dollars, up 16% from the previous quarter and up 111% from a year ago. Additionally, the company’s quarterly net income was 19.3 billion dollars, up 16% from the second quarter and up 112% from a year ago. The second most compelling factor that may attract investment is the launch of its project DIGITS, the world’s smallest AI supercomputer capable of running 200B-parameter models. Moreover, the firm has launched the NVIDIA Omniverse, a platform of APIs, SDKs, and services that enable developers to integrate OpenUSD, NVIDIA RTX rendering technologies, and generative AI into existing software tools and simulation workflows for industrial and robotic use cases.