5 Stocks That Will Go Up 1000 Percent

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 132

NVIDIA Corporation (NASDAQ:NVDA) shares have the potential to reach 10X their current value based on the company’s AI products, according to several reliable media sources and websites we consulted. Currently, NVIDIA Corporation (NASDAQ:NVDA) has practically zero competition when it comes to making chips for generative AI applications. While many believe NVIDIA Corporation (NASDAQ:NVDA) has already reached its potential, there are some wise investors who think the company still has a long way to go.

SkyBridge Capital Founder Anthony Scaramucci recently said that NVIDIA Corporation (NASDAQ:NVDA) may be overvalued right now but “if you own it for the next 15 years, you’ll probably be OK.”

Hedge funds were also increasing their bets on NVIDIA Corporation (NASDAQ:NVDA) earlier this year. As of the end of the first quarter of 2023, 132 hedge funds reported owning stakes in NVIDIA Corporation (NASDAQ:NVDA), up from 106 hedge funds that had stakes in the company at the end of the fourth quarter of 2022.