Hedge Fund Manager Louis Bacon’s Top 5 Stock Picks

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1. NVIDIA Corporation (NASDAQ:NVDA)

Moore Capital Management Q2 2023 Holdings: $378.67 Million
Number of Hedge Fund Holders: 175

NVIDIA Corporation (NASDAQ:NVDA) is arguably the best play for any investor eyeing exposure in the burgeoning artificial intelligence spectacle. The company remains at the center of the revolution, manufacturing graphics processing units that enable and power AI innovations.

NVIDIA Corporation (NASDAQ:NVDA) chips are in high demand, which explains the 101% increase in revenues in Q2 to $13.51 billion. Net earnings increased nearly tenfold to $6.1 billion. Three-quarters of the company’s revenues come from growing demand for its chips in AI and cloud data centers. With a new computing era starting, NVIDIA Corporation (NASDAQ:NVDA) is in for an impressive year, which makes it one of the stocks to buy, according to billionaire Louis Bacon.

At the end of Q2 2023, NVIDIA Corporation (NASDAQ:NVDA) had 175 hedge funds among its 910 shareholders, according to Insider Monkey. The company’s biggest hedge fund shareholder was GQG Partners, run by Rajiv Jain, with a stake worth $5.8 billion.

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