5 Best Hot Stocks To Buy Right Now

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In this article, we discuss the 5 best hot stocks to buy right now. If you want to read our detailed analysis of these stocks, go directly to 10 Best Hot Stocks To Buy Right Now.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 110

Nvidia Corporation is a California-based multinational technology company involved in the design and manufacture of computer graphics processors and chip units for the gaming, computing and automotive markets.

Of the 924 hedge funds tracked by Insider Monkey, 110 hedge funds have positions in NVIDIA Corporation (NASDAQ:NVDA) at the end of the fourth quarter of 2021, compared to 83 funds in the previous quarter. Fisher Asset Management is the company’s largest shareholder, with shares worth $1.5 billion.

Harding Loevner mentioned NVIDIA Corporation (NASDAQ:NVDA) in its second-quarter investor letter. Here is what the firm has to say:

“Within IT, shares of US-based computer chip developer NVIDIA continued their climb as rising demand across segments-from work-from-home laptops to data centers to cryptocurrency mining rigs-led to shortages that translated into surging prices for its chips. Such was the windfall that NVIDIA even made technical changes to some of its products to make them towards what it believes are more sustainable uses. Less attractive to cryptocurrency miners, to steer scarce supply viewed by geography, the lion’s share of excess returns came from good stock performance in the US. In addition to the contributions from NVIDIA and our health care holdings, a pair of IT software and service providers also aided relative returns.”

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