Goldman Sachs’ 35 AI Superstars

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4. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 193 

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing and networking solutions. There are various reasons why this company makes an excellent investment. For instance, the report for the third quarter of year 2024 reflects the company’s exceptional growth in profitability. For the quarter, GAAP earnings per diluted share was $4.93, increasing 33% from the previous quarter and a 765% increase from a year ago. Additionally, non-GAAP earnings per diluted share was $5.16, increasing 28% from the previous quarter and 486% rise from the previous year. Moreover, the NVIDIA Cosmos platform plans to advance physical AI with new models and video data processing pipelines for robots, autonomous vehicles and vision AI. Lastly, the company aims to revolutionize graphics with the NVIDIA GeForce RTX 5090 GPU, the most powerful GeForce RTX GPU so far, with 92 billion transistors and delivering 3,352 trillion AI operations per second (TOPS).

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