5 Best Semiconductor Stocks to Invest In According to Noam Gottesman’s GLG Partners

4. NVIDIA Corporation (NASDAQ:NVDA)

GLG’s Stake Value: $239 million

Percentage of  GLG’s 13F Portfolio: 0.77%

Number of Hedge Fund Holders: 111

NVIDIA Corporation (NASDAQ:NVDA) is an American semiconductor design company that develops and sells chips known as graphics processing units (GPUs). Its products are also assembled by third party board manufacturers for the general consumer, and NVIDIA Corporation (NASDAQ:NVDA) is also known for its products targeting the corporate datacenter market.

As its fourth fiscal quarter came to an end, NVIDIA Corporation (NASDAQ:NVDA) had earned $7.6 billion in revenue and $1.32 in non-GAAP EPS, beating analyst estimates for both metrics. The company is developing new products, such as DPUs, as part of its bid to target the rapidly growing data center market and compete with CPU platforms. Investment bank Goldman Sachs resumed coverage of NVIDIA Corporation (NASDAQ:NVDA)’s shares in March 2022, stating that it views the company as an industry leader.

By the end of the fourth quarter of last year, Man GLG had a $239 million stake in NVIDIA Corporation (NASDAQ:NVDA). It owned 814,574 shares of the company, and the stake represented 0.77% of its portfolio. 111 of the 924 hedge funds polled by Insider Monkey during the same time period also owned the company’s shares.

In a third quarter 20221 investor letter, Harding Loevner had the following to say about NVIDIA Corporation (NASDAQ:NVDA):

“The proliferation of devices using chips, whether EVs, “things” in lol, or embedded systems more generally, results in the generation of oceans of data potentially needing to be stored, processed, and analyzed. NVIDIA, the leading chip designer wellknown for its graphic processing units and its complementary CUDA software ecosystem, is at the forefront of the effort to provide the analytical platform needed to unlock the full potential of such specialist processors.”

Ken Fisher’s Fisher Asset Management is NVIDIA Corporation (NASDAQ:NVDA)’s largest investor. It owns a $1.5 billion stake that comes through 5.1 million shares.