5 Best Ethical Companies to Invest in According to Reddit

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 106

We chose NVIDIA Corporation (NASDAQ:NVDA) for our list of the best ethical companies to invest in according to Reddit because the stock ranks higher in the portfolio of Vanguard ESG U.S. Stock ETF, one of the most favorite choices of ethical investors on Reddit. The ETF tracks the performance of the FTSE US All Cap Choice Index and excludes companies involved in questionable practices and business areas like adult entertainment, alcohol, tobacco, cannabis, gambling and nuclear weapons.

Overall, NVIDIA Corporation (NASDAQ:NVDA) has strong ESG ratings and the company has committed to decrease it carbon footprint significantly in the coming years.

Polen Global Growth Strategy made the following comment about NVIDIA Corporation (NASDAQ:NVDA) in its Q1 2023 investor letter:

“Not owning Apple and NVIDIA Corporation (NASDAQ:NVDA) detracted from our relative performance. With respect to Apple, we have not felt that the combination of growth available and the valuation made for one of our best ideas. Concerning NVIDIA, while there seems to be strong demand for data center chips, the valuation and lack of clarity around pace and magnitude of that growth has kept us at bay to date.”