5 Best Jim Cramer Stocks To Buy Today

4. NVIDIA Corporation (NASDAQ:NVDA

Number of Hedge Fund Holders: 83 

NVIDIA Corporation (NASDAQ:NVDA) stands fourth on our list of the best Jim Cramer stocks to buy today. It is an American multinational technology company that specializes in GPUs for a range of markets. Along with this, the company also manufactures chip units for smartphones and the automotive market. 

Recently, NVIDIA Corporation (NASDAQ:NVDA) acquired Oski Technologies, a formal verification firm, which has been NVIDIA’s partner for the past 10 years. This acquisition will enable NVIDIA Corporation (NASDAQ:NVDA) to expand its investment in formal verification strategies. In October, KeyBanc raised its price target on NVIDIA Corporation (NASDAQ:NVDA) to $260 from $245, with an ‘Overweight’ rating on the shares. Jim Cramer recently noted that the company has the potential to become of the most important semiconductor companies of this time, owing to its leadership. In the past year, NVIDIA Corporation (NASDAQ:NVDA) gained 46.4%. 

Of the 873 hedge funds tracked by Insider Monkey, 86 hedge funds have positions in NVIDIA Corporation (NASDAQ:NVDA) in Q2 2021, compared with 80 in the previous quarter. The total value of these stakes is over $9.09 billion. 

Harding Loevner mentioned NVIDIA Corporation (NASDAQ:NVDA) in its Q2 2021 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 waht 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.”