15 Best FAANG Stocks to Buy According to Hedge Funds

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4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 212

NVIDIA Corporation (NASDAQ:NVDA) ranks among the best FAANG stocks to buy according to hedge funds. According to The Logic, NVIDIA Corporation (NASDAQ:NVDA) bought Canadian AI firm CentML on June 27, integrating its personnel and leadership.

Founded in 2022, CentML is a machine learning company that offers an optimization platform to improve the performance and affordability of AI model training and deployment. NVIDIA Corporation (NASDAQ:NVDA) already had ties to the firm, having invested in CentML’s US$27 million seed fundraising round in October 2023. In November 2024, CentML also became a member of NVIDIA’s accelerator program, which granted the firm access to technical resources and hardware savings.

The Logic further states that NVIDIA Corporation (NASDAQ:NVDA) has employed at least 15 engineers and two interns from CentML this month, based on their LinkedIn profiles.

NVIDIA Corporation (NASDAQ:NVDA), a world leader in networking and graphics processing, provides GPUs for the AI, gaming, HPC, and other industries. The company’s products span data centers, gaming, professional visualization, and the automotive markets.

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