Was Rajiv Jain’s GQG Partners Right About These 5 Stocks?

1. NVIDIA Corporation (NASDAQ:NVDA)

GQG Partners’ Stake Value: $3.13 billion
Performance of the stock over the past 12 months as of November 22: -49%

Nvidia Corporation is a California-based multinational technology company involved in the design and manufacture of computer graphics processors and chip units for the gaming, computing and automotive markets.

On November 18, Raymond James analyst Chris Caso raised the price target on Nvidia Corporation (NASDAQ:NVDA) to $365 from $225, and reiterated a Strong Buy rating on the shares of the company.

Harding Loevner mentioned NVIDIA Corporation (NASDAQ:NVDA) in its second-quarter investor letter. Here is what the firm has to say:

“Within IT, shares of US-based computer chip developer NVIDIA continued their climb as rising demand across segments-from work-from-home laptops to data centers to cryptocurrency mining rigs-led to shortages that translated into surging prices for its chips. Such was the windfall that NVIDIA even made technical changes to some of its products to make them towards what it believes are more sustainable uses. Less attractive to cryptocurrency miners, to steer scarce supply viewed by geography, the lion’s share of excess returns came from good stock performance in the US. In addition to the contributions from NVIDIA and our health care holdings, a pair of IT software and service providers also aided relative returns.”

You can also take a peek at 10 Stocks Jim Cramer and Ken Fisher Have in Common and 10 Best Nickel Stocks to Buy Now.

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