5 Best Stocks To Buy For The Rest of 2021

In this article, we discuss the 5 best stocks to buy for the rest of 2021. If you want to read our detailed analysis of the stock market, go directly to read the 11 Best Stocks To Buy For The Rest of 2021. 

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 86

NVIDIA Corporation (NASDAQ:NVDA) is an American technology company that designs and manufactures computer graphics processors, chipsets, and other multimedia software. NVIDIA Corporation (NASDAQ:NVDA) made it to our list of the best stocks to buy for the rest of 2021, as the company reports its strong gaming business amid the rise of the iGaming sector around the world. 

Of the 873 hedge funds tracked by Insider Monkey, 86 hedge funds have positions in NVIDIA Corporation (NASDAQ:NVDA) in Q2, compared with 80 in the previous quarter. These stakes are valued at over $9.09 billion. Aubrey Capital Management is the company’s largest shareholder, with shares worth $11.2 billion. 

Harding Loevner mentioned NVIDIA Corporation (NASDAQ:NVDA) in its second-quarter investor letter. Here is what the firm has to say: 

“Within IT, shares of US-based computer chip developer NVIDIA continued their climb as rising demand across segments-from work-from-home laptops to data centers to cryptocurrency mining rigs-led to shortages that translated into surging prices for its chips. Such was the windfall that NVIDIA even made technical changes to some of its products to make them towards waht it believes are more sustainable uses. Less attractive to cryptocurrency miners, to steer scarce supply viewed by geography, the lion’s share of excess returns came from good stock performance in the US. In addition to the contributions from NVIDIA and our health care holdings, a pair of IT software and service providers also aided relative returns.”