Jim Cramer’s 5 Most Favorite Tech Stocks to Buy Now

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 83

Jim Cramer has always been bullish on NVIDIA Corporation (NASDAQ:NVDA) and recently asserted that the stock exhibits a growth potential to become a $10 trillion stock. The multinational technology company remained his favorite due to growing artificial intelligence deployment, as he regarded it as one of the unique platforms for machine learning.

Recently, Tigress Financial lifted its price target on NVIDIA Corporation (NASDAQ:NVDA) to $400, with a Buy rating on the shares, highlighting its continued strength in the data center and gaming sector.

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.”