5 Growth Stocks Jim Cramer is Talking About

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 106

NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s top growth stock picks right now. He has spoken about the stock multiple times in recent days. Cramer said that he has “loved NVIDIA Corporation (NASDAQ:NVDA) for ages” and that right now the stock is “the definition of unstoppable”.

This April, KeyBanc raised his price target on NVIDIA Corporation (NASDAQ:NVDA) to $320 from $280 and maintained an Overweight rating on the shares. Shares of NVIDIA Corporation (NASDAQ:NVDA) have rallied 129.58% over the past 6 months, as of April 18.

At the end of Q4 2022, 106 hedge funds were long NVIDIA Corporation (NASDAQ:NVDA) and disclosed positions worth $6 billion in the company. Of those, Matrix Capital Management was the leading investor in the company and disclosed a position worth $741 million.

Here is what ClearBridge Investments had to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2022 investor letter:

“Promoting diversification and managing risk continue to guide our transaction activity, with a focus on the earnings trajectory of existing and potential holdings leading to our most recent moves. We are directing our research efforts to identifying names that are closer to the bottom than the top in terms of earnings and valuations, adding to our positions in ASML, the leading supplier of high-end production equipment to chip makers, and NVIDIA Corporation (NASDAQ:NVDA), whose valuation has washed out due to weakness in gaming and crypto mining as well as slowing enterprise spending.”