5 Best Active Stocks to Buy Now

2. NVIDIA Corporation (NASDAQ: NVDA)

Number of Hedge Fund Holders: 88   

NVIDIA Corporation (NASDAQ: NVDA) is a California-based visual computing firm that markets computer chips, graphics processing units, as well mobile computing solutions. It was founded in 1993 and is ranked second on our list of 10 best active stocks to buy now. Some of the products sold by the firm include streaming service GeForce NOW, cloud-based computing solution GRID, as well as NVIDIA GPUs for gaming and other personal computers. As one of the most active stocks on the market, it has returned 62% to investors in the past year. 

On May 5, investment advisory Baird initiated coverage on NVIDIA Corporation (NASDAQ: NVDA) stock with an Outperform rating and a $800 price target. The share price of the firm jumped more than 2.5% after the ratings update.

At the end of the fourth quarter of 2020, 88 hedge funds in the database of Insider Monkey held stakes worth $8.6 billion in the firm, up from 82 the preceding quarter worth $7.6 billion.