5 Best Guru Stocks To Buy Now

In this article, we discuss 5 best Guru stocks. If you want to read our discussion on the ETF industry, head over to 12 Best Guru Stocks To Buy Now.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 173

Guru’s Stake as of March 11: $813,995

NVIDIA Corporation (NASDAQ:NVDA), one of the best Guru stocks, offers graphics, computing, and networking solutions worldwide. NVIDIA’s products are utilized in gaming, professional visualization, data centers, and automotive industries. As of March 11, The Global X Guru Index ETF (NYSE:GURU) owns 949 shares of NVIDIA Corporation (NASDAQ:NVDA) valued at $813,995.

On February 22, NVIDIA Corporation (NASDAQ:NVDA) declared a $0.04 per share quarterly dividend, in-line with previous. It is to be paid on March 27 to shareholders on record as of March 6.

As per Insider Monkey’s fourth quarter database, 173 hedge funds were bullish on NVIDIA Corporation (NASDAQ:NVDA), compared to 180 funds in the preceding quarter. Rajiv Jain’s GQG Partners held a significant position in the company, with 13.9 million shares valued at $6.89 billion.

Alger Spectra Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its fourth quarter 2023 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) is a leading supplier of graphics processing units (GPUs) for a variety of end markets, such as gaming, PCs, data centers, virtual reality and high-performance computing. The company is leading in most secular growth categories in computing, and especially artificial intelligence and super- computing parallel processing techniques for solving complex computational problems. Simply put, Nvidia’s computational power is a critical enabler of Al and therefore critical to Al adoption, in our view. During the period, shares contributed to performance as Nvidia reported solid fiscal third quarter results well above analyst expectations, driven by strong demand from data centers. Growing Al data center workloads are driving demand for the increased interconnections and fully accelerated software stacks, thereby enabling leading application performance and fast result times.”