5 Best Self Driving Car Stocks To Buy Now

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 89

NVIDIA Corporation (NASDAQ:NVDA) is a software and fabless corporation that develops graphic processing units, application programming interfaces for data science and high-performance computing, and system-on-a-chip units for the automotive and mobile computing markets. NVIDIA Corporation (NASDAQ:NVDA)’s drive automotive solutions are a collection of hardware and software components for autonomous car designers and manufacturers.

On November 17, 2022, Rajvindra Gill, an analyst at Needham, increased his price target on NVIDIA Corporation (NASDAQ:NVDA) to $200 while keeping a Buy rating on the stock. The company reported strong Q3 results despite slowing data center sales in China, which reflects the strong execution of the management, noted the analyst in a research note.