Tech Billionaire Chase Coleman’s Top 10 Stock Picks

8. Nvidia Corp (NASDAQ:NVDA)

Shares held by Tiger Global: 9.68 million

Value of position: $1.18 billion

Nvidia Corp (NASDAQ:NVDA) is a global leader in the design and supply of graphics processing units (GPUs), application programming interfaces (APIs), and system-on-a-chip (SoC) units. The company is highly influential in fields like data science, high-performance computing, mobile computing, and automotive technologies, with a dominant market share in the discrete desktop GPU sector. Nvidia also plays a key role in artificial intelligence hardware and software.

Nvidia shows impressive growth, with a market cap of $3.31 trillion and strong profitability, including a profit margin of 55.04% and a return on equity of 123.77%. The company’s revenue for the trailing twelve months stands at $96.31 billion, with a net income of $53.01 billion. The forward P/E ratio of 31.75 suggests strong future earnings potential, especially with a PEG ratio of 0.84 indicating growth at an attractive price.

Nvidia Corp (NASDAQ:NVDA)’s earnings for the current fiscal year are projected to reach $2.95 per share, with revenue estimated at $129.11 billion. Analysts expect strong growth, forecasting a 127% increase in sales for the year, mostly driven by Nvidia’s dominance in AI and gaming. Wall Street analysts have set a 12-month price target for Nvidia at an average of $175.00.

Tiger Global holds 9.68 million shares of Nvidia Corp (NASDAQ:NVDA), valued at approximately $1.18 billion, which constitutes 5.01% of its portfolio.