5 Best Most Active Stocks to Buy Now

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In this article, we will take a look at the 5 best most active stocks to buy now. To read our analysis of the recent trends, and market activity, you can go to the 14 Best Most Active Stocks to Buy Now.

5. NVIDIA Corporation (NASDAQ:NVDA)

Average 3-month Volume: 45.72 million

Number of Hedge Fund Holders: 180

NVIDIA Corporation (NASDAQ:NVDA) is a leading technology company focused on the design and manufacturing of accelerated computing hardware and software products. Its core businesses comprise of Gaming, Data Center, Professional Visualization, and Automotive, with Gaming and Data Center making up for more than 80% of its revenues.

NVIDIA Corporation (NASDAQ:NVDA) has had a stellar year so far with share price up more than 230% year-to-date as of November 27. Much of this can be attributed to record growth in top and bottom line figures led by increased demand for its data center products to cater to the AI-induced demand.

NVIDIA Corporation (NASDAQ:NVDA) posted a revenue of $18.1 billion in Q3, 206% more than a year ago and $2.0 billion more than consensus. Its normalized EPS of $4.02 surpassed consensus by $0.63.

Hedge funds are also bullish about NVIDIA Corporation (NASDAQ:NVDA) shares as the number of hedge funds that own its shares has increased from 106 in Q1 to 180 in Q3 2023. These hedge funds together held shares worth $29.6 billion according to Insider Monkey data.

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