5 Best Bitcoin Stocks to Buy Now

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1. NVIDIA Corporation (NASDAQ: NVDA)

Number of Hedge Fund Holders: 88

Topping the list of 10 best bitcoin stocks to buy now is graphic processor manufacturer NVIDIA Corporation (NASDAQ: NVDA). California-based tech hardware firm produces programmable GPUs used in supercomputing, playing graphics-heavy video games, and cryptocurrency mining. 

The company has a market cap of $373.7 billion and total revenue of $16.7 billion in the fiscal year 2021. Revenue from the graphics segment grew by 29% to $9.8 billion in the fiscal year 2021 compared to the fiscal year 2020, owing to increased sales of GeForce GPUs and game console single chips. On April 15, NVIDIA Corporation was upgraded by Raymond James analyst Chris Caso from Outperform to Strong Buy, with a price target of $750 from $700. 

There were 88 hedge funds that reported owning stakes in NVIDIA Corporation at the end of the fourth quarter, up from 82 funds a quarter earlier. The total value of these stakes at the end of Q4 is $8.7 billion. Out of the hedge funds being tracked by Insider Monkey, Washington-based money management firm Fisher Asset Management is the leading shareholder in the company with 1,188,722 shares worth more than $634.7 million. 

NVIDIA, is NVDA a good stock to buy,

You can also take a peek at 10 Best Hardware Stocks to Buy Now and 10 Best Virtual Reality Stocks to Buy Now.

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