5 Hedge Fund Favorites with Strong Setup in 2026

3. NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) earns a place on our list of the 14 hedge fund favorites with strong setup in 2026.

As of April 3, 2026, over 90% of covering analysts maintain bullish ratings on NVIDIA Corporation (NASDAQ:NVDA), with the $265 consensus price target implying roughly 50% upside. This strong sentiment reflects Wall Street’s belief that Nvidia remains the primary beneficiary of the broader artificial intelligence investment cycle.

Meanwhile, on March 16, 2026, Wedbush stated that every dollar spent on an NVIDIA Corporation (NASDAQ:NVDA) chip has an $8 to $10 multiplier effect throughout the technological ecosystem, encompassing cybersecurity, data center construction, hyperscalers, software, and the power and energy sectors. These sectors, according to the firm, stand to gain from $3 trillion to $4 trillion in AI capital expenditures over the next three years.

Wedbush went on to say that NVIDIA Corporation (NASDAQ:NVDA)’s chips are still at the core of the “fourth Industrial Revolution.” Connecting its remarks to the start of Nvidia’s GTC event on March 16, the firm added that CEO Jensen Huang did not let them down by opening the conference in a bullish tone.

NVIDIA Corporation (NASDAQ:NVDA) leads in accelerated computing, designing GPUs and software for AI, data centers, gaming, and professional visualization. It dominates AI chip supply, powering generative AI, autonomous vehicles, and robotics.