5 Best Machine Learning Stocks to Buy

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In this piece, we will take a look at the five best machine learning stocks to buy. For more stocks, head on over to 11 Best Machine Learning Stocks to Buy.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 84

NVIDIA Corporation (NASDAQ:NVDA) is one of the largest semiconductor designers in the world. It designs and sells graphics processing units (GPUs) that are used in machine learning and artificial intelligence applications. The firm is headquartered in Santa Clara, California.

Given its role in the industry, NVIDIA Corporation (NASDAQ:NVDA) has a wide variety of machine learning applications in its developer suite. These include linear algebra, math, and parallel algorithm libraries such as cuSPARSE, cuBLAS, and Thrust. The company’s technologies aid researchers in all steps of the machine learning process, from training their algorithms through cuGRAPH and cuDNN, to testing and deploying the models through RTX.

NVIDIA Corporation (NASDAQ:NVDA)’s Accelerated Machine Learning Platform enables faster iteration and processing times, and its Rapids platform is optimized to provide GPUs with a significant edge over CPUs for machine learning. By the end of this year’s second quarter, 84 out of the 895 hedge funds polled by Insider Monkey had invested in NVIDIA Corporation (NASDAQ:NVDA).

Out of these, Ken Fisher’s Fisher Asset Management is NVIDIA Corporation (NASDAQ:NVDA)’s largest investor. It owns 7.5 million shares that are worth $1.1 billion.


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