What is a Covered Call? 5 Best Stocks For Covered Calls

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 175

NVIDIA Corporation (NASDAQ:NVDA) is a multinational tech company known for its innovations in the fields of graphics processing units (GPUs) and artificial intelligence (AI). The company’s revenue for the quarter showed a 101.6% growth on a year-over-year basis at $13.5 billion. Its Record Data Center revenue came in at $10.32 billion, up 171% from the prior-year period. The stock’s five-year return stood at 492.2%.

NVIDIA Corporation (NASDAQ:NVDA) was a popular buy among hedge funds at the end of Q2 2023, as 175 funds in Insider Monkey’s database owned stakes in the company, up from 132 in the previous quarter. The collective value of these stakes is roughly $26 billion.

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