5 5G Stocks to Buy for 2022

In this article, we discuss the 5 5G stocks to buy for 2022. If you want to read our detailed analysis of these stocks, go directly to the 10 5G Stocks to Buy for 2022. 

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 83   

NVIDIA Corporation (NASDAQ:NVDA) is a visual computing company. The company is developing an aerial application framework that would help communications providers deploy virtual radio access networks. It is also developing artificial intelligence-enabled 5G chips. 

Tigress Financial analyst Ivan Feinseth recently raised the price target on NVIDIA Corporation (NASDAQ:NVDA) stock to $400 from $230 and kept a Buy rating, touting the potential of the firm as an “omniverse” play in the coming months. 

At the end of the third quarter of 2021, 83 hedge funds in the database of Insider Monkey held stakes worth $10 billion in NVIDIA Corporation (NASDAQ:NVDA), compared to 86 the preceding quarter worth $9 billion.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and NVIDIA Corporation (NASDAQ:NVDA) was one of them. Here is what the fund said:

“NVIDIA Corp. is the dominant supplier of Graphics Processing Units (GPUs) worldwide. NVIDIA’s GPUs are at the intersection of a number of important computing trends including the movement to the Cloud, artificial intelligence, autonomous vehicles, edge computing, gaming, and more. We previously owned NVIDIA and sold it in the third quarter of 2020 as the price to value gap closed and our margin of safety was reduced. As with all our MVP companies, we continued to follow NVIDIA closely. Since that time, NVIDIA reported excellent results and its value has compounded rapidly. The technology selloff at the beginning of the year negatively affected the stock price while our estimate of NVIDIA’s value per share increased. This happy combination of events created a margin of safety and an opportunity to once again add NVIDIA to the portfolio.”