5 Best AI Stocks to Buy Now

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In this piece, we will take a look at the five best AI stocks to buy now. For more stocks, head on over to 12 Best AI Stocks to Buy Now.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 89

NVIDIA Corporation (NASDAQ:NVDA) is one of the world’s largest semiconductor designers. The firm provides graphics processing units (GPUs) that enable artificial intelligence and machine learning processing. It is headquartered in Santa Clara, California, the United States.

NVIDIA Corporation (NASDAQ:NVDA)’s products are used for both development and deployment models. The former is used in cloud computing and data centers, while the latter is used in automotive and robotics. Additionally, the firm’s GPUs also reduce end to end and data preparation times by more than half when compared to traditional central processing units (CPUs).

Insider Monkey’s Q3 2022 survey covering 920 hedge funds revealed that 89 had invested in NVIDIA Corporation (NASDAQ:NVDA).

Out of these, Ken Fisher’s Fisher Asset Management is NVIDIA Corporation (NASDAQ:NVDA)’s largest shareholder. It owns 12 million shares that are worth $1.4 billion.

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