5 Best Stocks To Buy Now According To Billionaire Cliff Asness

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 173

AQR Capital Management’s Stake: $827.5 million

NVIDIA Corporation (NASDAQ:NVDA), an American multinational technology company headquartered in Delaware, is celebrated for its expertise in integrated circuit development. Its capabilities span a diverse range of devices, from electronic game consoles to personal computers (PCs). With its stock surging by over 230% in 2023, NVIDIA Corp (NASDAQ:NVDA) continues to achieve unprecedented highs, driven by its dominant position in the market for advanced AI chips. AQR Capital Management owned 1.67 million shares of NVIDIA Corporation (NASDAQ:NVDA) at the end of the fourth quarter of 2023, valued at $827.5 million, representing 1.55% of the portfolio.

Insider Monkey’s database of 933 hedge funds shows that 173 funds had stakes in NVIDIA Corp (NASDAQ:NVDA). The most notable stakeholder of NVIDIA Corp (NASDAQ:NVDA) was Rajiv Jain’s GQG Partners which owns a $6.8 billion stake.