5 Best Video Game Stocks to Buy Now

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 84

NVIDIA Corporation (NASDAQ:NVDA) is one of the largest semiconductor firms in the world, and it designs and sells graphics processing units that are used by gamers to run heavy duty games. The company is headquartered in Santa Clara, California, the United States.

NVIDIA Corporation (NASDAQ:NVDA)’s GPUs lead the market when it comes to discrete units. These are standalone products that are vastly more powerful than the dedicated GPUs that come alongside processors, and they are used by all gamers and content makers due to their processing capabilities. During Q1 2022, NVIDIA Corporation (NASDAQ:NVDA) held a 21% share of this market, higher than its primary rival in the space, AMD.

NVIDIA Corporation (NASDAQ:NVDA) also holds an 80% share of the PC gaming market, and its products also power the Nintendo Switch – one of the most popular handheld gaming consoles in history. 84 out of the 895 hedge funds polled by Insider Monkey during Q2 2022 had invested in the company.

NVIDIA Corporation (NASDAQ:NVDA)’s largest investor is Ken Fisher’s Fisher Asset Management which owns 7.5 million shares that are worth $1.1 billion.