5 Best Growth Stocks To Invest In Now

In this article, we will be taking a look at the 5 best growth stocks to invest in now. To read our detailed analysis of current stock market news, you can go directly to see the 10 Best Growth Stocks To Invest In Now.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 173

Share Price Gains Year-to-Date: 87.4%

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

A Buy rating and $1000 price target were maintained on NVIDIA Corporation (NASDAQ:NVDA) on March 22 by UBS analysts.

There were 173 hedge funds long NVIDIA Corporation (NASDAQ:NVDA) in the fourth quarter, with a total stake value of $33.8 billion.

Orbis Investment Management mentioned NVIDIA Corporation (NASDAQ:NVDA) in its fourth-quarter 2023 investor letter:

“Never before has following the crowd made so much money. Nor, in our estimation, so little sense. But just look at the opportunities the crowd has left for those of us willing to take a different view. We could wax lyrical about the glaring difference in value between Korean banks priced at 4 times earnings, versus Apple at 28 times, despite diverging fundamentals—Apple is increasingly at risk of bans in China, while Korean banks could double their dividends.

Or how the thick margin of safety at Intel, backed by listed stakes and real saleable assets, compares to the slim margin for error at NVIDIA Corporation (NASDAQ:NVDA), trading at 13 times next year’s projected revenue. That revenue that could be competed away over time, while Intel’s semiconductor “fabs” in the US are increasingly valuable as the east and the west drift further apart.”