5 Stocks to Buy Today According to Phil Frohlich’s Prescott Group Capital Management

In this article, we will discuss the 5 stocks to buy today according to Phil Frohlich’s Prescott Group Capital Management. If you want to read our detailed analysis of Frohlich’s history, investment philosophy, and hedge fund performance, go directly to the 10 Stocks to Buy Today According to Phil Frohlich’s Prescott Group Capital Management. 

5. NVIDIA Corporation (NASDAQ: NVDA)

Frohlich’s Stake Value: $7,601,000
Percentage of Phil Frohlich’s 13F Portfolio: 2.14%
Number of Hedge Fund Holders: 86

NVIDIA Corporation (NASDAQ: NVDA) is an American multinational technology company. It was founded in 1993 and is placed fifth on the list of 10 stocks to buy today according to Phil Frohlich’s Prescott Group Capital Management.

The hedge fund managed by Phil Frohlich owns 9,500 shares in NVIDIA Corporation (NASDAQ: NVDA), worth over $7.60 million, representing 2.14% of their portfolio. Prescott Group Capital Management has increased its stake in the firm by 90% in the second quarter of 2021. Hedge fund sentiment increased for NVIDIA Corporation (NASDAQ: NVDA) in the second quarter. Insider Monkey’s data shows that 86 elite hedge funds held stakes in the company in the second quarter, up from 80 funds a quarter earlier. 

Baron Opportunity Fund, in its second quarter of 2021 investor letter, mentioned NVIDIA Corporation (NASDAQ: NVDA). Here is what Baron Opportunity Fund has to say about NVIDIA Corporation in its letter:

“NVIDIA Corporation is a fabless semiconductor company and a leader in gaming cards and accelerated computing chips. Shares of NVIDIA rose in the second quarter on financial results and guidance significantly above Street expectations, as it benefited from the upgrade cycle in its gaming franchise along with continued AI-related strength driving its data center segment. NVIDIA’s total revenues of $5.66 billion beat Street expectations by $266 million, growing 84% (including the benefit of acquisitions, 65% organic), with its gaming business growing over 100% and its data center business expanding nearly 80%. We remain confident in NVIDIA’s leading position in gaming, data centers, and autonomous machines.”