5 Best Reddit Stocks According to Billionaires

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Billionaire Investors: 29

NVIDIA Corporation (NASDAQ:NVDA) is gaining popularity across the board as it continues to see and expect huge demand for its AI chips.

A total of 29 billionaires in Insider Monkey’s database had stakes in NVIDIA Corporation (NASDAQ:NVDA). Some famous billionaires with stakes in NVIDIA Corporation (NASDAQ:NVDA) are Rajiv Jain, Ken Fisher, Ken Griffin and Steve Cohen.

Here is what White Brook Capital has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2023 investor letter:

“The magnificent seven, that underpin the S&P 500 performance, which includes NVIDIA Corporation (NASDAQ:NVDA), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth. Small and midcap stocks, on the other hand, have been systemically penalized by fears of recession and continue to price that eventuality even as significantly better outcomes have become more probable. Today, it’s relatively easy to find attractive investments in this segment.”