5 Best Blockchain Stocks To Buy in 2022

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 110

NVIDIA Corporation (NASDAQ:NVDA) designs professional graphic processing units (GPUs) which are key components for running blockchain applications. The company’s GeForce RTX 3090 is currently the fastest GPU on the market serving both gaming and mining purposes. NVIDIA Corporation (NASDAQ:NVDA) also manufactured the NVIDIA CMP XH, the company’s dedicated GPU for industrial cryptocurrency mining. Having the most powerful hardware in its ammunition places NVIDIA Corporation (NASDAQ:NVDA) among the 5 best blockchain stocks to buy now.

At the close of  Q4 2021, Insider Monkey found 110 hedge funds long NVIDIA Corporation (NASDAQ:NVDA) having collective stakes of $10.49 billion in the stock. This is compared to 83 positions in the third quarter of 2021 with stakes worth $10.05 billion.

As of December 31, 2021, Fisher Asset Management is the largest shareholder in NVIDIA Corporation (NASDAQ:NVDA) owning over 5 million shares of stock. This equates to a stake value of $1.5 billion, which represents 0.84% of Ken Fisher’s hedge fund portfolio.

ClearBridge Investments explained why investors should consider investing in NVIDIA Corporation (NASDAQ:NVDA) in its first-quarter 2021 investor letter. Here is what the firm said:

“Gaming is an attractive end market within the media/technology sector with strong growth and a long runway, particularly in mobile gaming. Unity’s platform provides an engine and toolkit for development and monetization of games, e-commerce and industrial applications, adding to our industry exposure, which also includes Nvidia (NASDAQ:NVDA) in graphic processing chips.”