5 Best Monopoly Stocks to Buy According to Hedge Funds

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 275

NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Monopoly Stocks to Buy According to Hedge Funds. On July 8, TD Cowen analyst Joshua Buchalter reiterated a “Buy” rating on the company’s stock and the price objective of $275. The analyst opines that NVIDIA Corporation (NASDAQ:NVDA) possesses an underappreciated competitive edge in the next phase of AI. This is because it provides an integrated hardware and software platform, which works seamlessly together. The analyst remains confident that AI spending is durable throughout different applications and customers.

Furthermore, industry-specific AI deployments are expected to be a much larger growth driver over time.

In a separate update, James Schneider, an analyst at Goldman Sachs, believes that NVIDIA Corporation (NASDAQ:NVDA) has been left out of the current rally seen in microchip stocks. This offers an opportunity for investors. The analyst has a “Buy” rating and a price objective of $285.

NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor and AI computing company that designs GPUs, AI accelerators, Application Programming Interfaces (APIs), and system-on-a-chip units. Through its CUDA ecosystem, the company enables industries ranging from autonomous vehicles to scientific research by advancing AI, accelerated computing, and data center infrastructure.

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