Reddit’s WallStreetBets is Buying These 5 Stocks for 2024

2. NVIDIA Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 180

NVIDIA Corp (NASDAQ:NVDA) already saw a blockbuster year in 2023 but Redditors, as well as Wall Street analysts, believe the stock has more room to run.

Ave Maria Focused Fund made the following comment about NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2023 investor letter:

“The Fund added two new positions in the quarter. The Fund initiated a position in Apollo, which grew to be 5.9% of the Fund’s assets by the end of the quarter. The Fund also initiated a small position in NVIDIA Corporation (NASDAQ:NVDA), which is the leading manufacturer of graphic processing units that are the computing power behind much of the artificial intelligence industry environment supporting the broader group of energy infrastructure stocks.”