5 Best Falling Stocks to Buy Right Now

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 102

NVIDIA Corporation (NASDAQ:NVDA) is one of the largest semiconductor companies in the world when it comes to market capitalization. The firm is widely credited with having pioneered the graphics processing unit (GPU), and has its toes in a host of industries such as gaming, consoles, and data centers. It is headquartered in Santa Clara, California.

Wells Fargo kept a $250 price target for NVIDIA Corporation (NASDAQ:NVDA)’s shares in May 2022 as it shared that the Los Alamos National Laboratory’s decision to use the company’s central processing units (CPUs) for its supercomputers was a ‘big win’. NVIDIA Corporation (NASDAQ:NVDA) reported that it earned $8 billion in revenue and $1.36 in non-GAAP EPS, comfortably beating analyst estimates for both metrics.

102 hedge funds tracked by Insider Monkey’s database held a stake in the company. Ken Fisher’s Fisher Asset Management is NVIDIA Corporation (NASDAQ:NVDA)’s largest investor, owning 7.3 million shares that are worth $1.9 billion.