5 Best Forever Stocks To Buy Now

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In this article, we will be taking a look at the 5 best forever stocks to buy now. To read our detailed analysis of current stock market trends, you can go directly to see the 14 Best Forever Stocks To Buy Now.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 180

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor company. It is based in Santa Clara, California.

An Outperform rating and a $650 price target were maintained on NVIDIA Corporation (NASDAQ:NVDA) on November 22 by Rick Schafer at Oppenheimer.

A total of 180 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA) in the third quarter, with a total stake value of $29.6 billion.

White Brook Capital Partners made the following comments about NVIDIA Corporation (NASDAQ:NVDA) in its third-quarter 2023 investor letter:

“The magnificent seven, that underpin the S&P 500 performance, which includes NVIDIA Corporation (NASDAQ:NVDA), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth. Small and midcap stocks, on the other hand, have been systemically penalized by fears of recession and continue to price that eventuality even as significantly better outcomes have become more probable. Today, it’s relatively easy to find attractive investments in this segment.”

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