Billionaire Israel Englander is Buying These 5 Stocks

Page 5 of 5

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 83
Millennium Management’s Stake Value: $1,082,000

NVIDIA Corporation (NASDAQ:NVDA) is an American leading tech company that manufactures products for gaming and professional markets. In Q3, the company’s gaming revenue grew by 42% from a year ago at $3.22 billion, while its data-center sales rose 55% to $2.94 billion.

In Q3 2021, Millennium Management increased its stake in NVIDIA Corporation (NASDAQ:NVDA) by 226%, and now holds shares worth over $1.08 billion. The company accounted for 0.64% of Israel Englander’s portfolio. Appreciating the company’s strong data center and gaming revenue, recently, Tigress Financial lifted its price target on NVIDIA Corporation (NASDAQ:NVDA) to $400, with a Buy rating on the shares.

As of Q3 2021, 83 hedge funds tracked by Insider Monkey were bullish on NVIDIA Corporation (NASDAQ:NVDA), compared with 86 in the previous quarter. These stakes hold a consolidated value of over $10 billion, up from $9.09 billion in Q2. GQG Partners was the company’s largest shareholder in Q3, owning a stake worth $3.1 billion.

Harding Loevner mentioned NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2021 investor letter. Here is what the firm has to say:

“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.”

You can also take a look at Michael Burry is Shorting Tesla and Buying These 10 Stocks Instead and 10 Penny Stocks Robinhood Traders are Buying in 2021

Page 5 of 5