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

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1. NVIDIA Corporation (NASDAQ:NVDA)

GQG Partners’ Stake Value: $3,135,357,000

Performance of the stock over the past 12 months: -49%

NVIDIA Corporation (NASDAQ:NVDA) is the largest holding in the portfolio of Rajiv Jain, with his hedge fund increasing its position in NVIDIA Corporation (NASDAQ:NVDA) by 308% in the third quarter. GQG Partners owns more than 15 million shares of the company, worth $3.1 billion, representing 8.58% of the firm’s Q3 investments.

Citi analyst Atif Malik lowered his deal probability to 5% from 30% after the Federal Trade Commission sued to block the proposed acquisition of Arm, a UK chip design provider, by NVIDIA Corporation (NASDAQ:NVDA). He kept a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) shares with a $350 price target if the company can ease the regulatory antitrust concerns. 

Here is what Harding Loevner Global Equity Fund has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2021 investor letter:

“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 well known 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.”

You can also take a look at 10 Value Stocks to Buy According to Billionaire Paul Tudor Jones and 10 Healthcare Stocks to Buy According to Tiger Cub Chase Coleman

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