5 Best NASDAQ Stocks to Buy Now

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In this article we will take a look at the 5 best NASDAQ Stocks to buy now. You can skip our detailed analysis of these stocks and go directly to 10 Best NASDAQ Stocks to Buy Now.

5. Nvidia Corporation (NASDAQ: NVDA)

Nvidia Corporation (NASDAQ: NVDA) is a California-based firm that develops graphics systems for video games and chipsets for smartphones and automobiles. The company also makes handheld game consoles and offers cloud gaming services as well. The company has a market cap of more than $350 billion and posted more than $16 billion in revenue in 2020. The share price of the firm has been rising as demand rises amid a shortage of chips around the world. Nvidia ranks fifth on our list of 10 best NASDAQ stocks to buy for now. 

At the end of the fourth quarter of 2020, 88 hedge funds out of 887 in the Insider Monkey database held stakes in Nvidia, up from 82 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $8.6 billion, up from $7.6 billion in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group held the most shares – 4.6 million – worth more than $2.4 billion. GQG Partners was 2nd with 3.7 million shares worth almost $1.9 billion.

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