15 High Growth Companies Hedge Funds Are Buying

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

Average 5-Year Revenue Growth: 66.67%

NVIDIA Corporation (NASDAQ:NVDA) is a global tech company known for its graphics cards, data centers, AI software, and advanced computing solutions. On April 16, UBS analyst Timothy Arcuri reaffirmed a Buy rating on NVDA with a price target of $185. NVIDIA now needs a license to export its H20 chip to China and other restricted countries, prompting a $5.5 billion reserve. UBS says this acts like a ban and could impact earnings, though it might help reset investor expectations. Despite the setback, the company remains strong with 114% revenue growth, and its $500 billion US AI investment may also help ease regulatory concerns.

NVIDIA Corporation (NASDAQ:NVDA) has firmly established itself as a leader in AI hardware, holding a massive 93% share of the global GPU market for AI workloads. Its latest chip, the Blackwell processor, is not only faster but also more energy-efficient than previous models. Top tech giants like Google, Meta, and Tesla are snapping them up. NVIDIA is expanding into AI platforms in areas like drug discovery and autonomous vehicles, positioning itself for further growth as demand for AI solutions continues to rise.

Among the hedge funds tracked by Insider Monkey, 223 funds were bullish on NVIDIA Corporation (NASDAQ:NVDA) at the end of Q4 2024, compared to 193 funds in the prior quarter. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the largest stakeholder of the company, with 65.8 million shares worth $8.84 billion.

Overall, NVDA ranks first among the 15 High Growth Companies Hedge Funds Are Buying. While we acknowledge the potential of high growth stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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