Couch Potato Stock Portfolio: 5 Best Stocks To Buy

In this article, we will take a look at the top 5 couch potato stock portfolios. To see more such companies, go directly to Couch Potato Stock Portfolio: 10 Best Stocks To Buy.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 132

NVIDIA Corporation (NASDAQ:NVDA) is one of the top holdings of Vanguard U.S. Total Market Index ETF (VUN), the Vanguard Index 500 Fund (VFIAX) and Vanguard Total Stock Market ETF (VTI). The advantage NVIDIA Corporation (NASDAQ:NVDA) has in the GPU and chips industry will continue to make profits for the company in the future, driven by the AI revolution which is set to boost the demand for GPUs. Recently, NVIDIA Corporation (NASDAQ:NVDA) shareholders rejoiced after the stock jumped significantly following strong Q1 results and impressive Q2 guidance.

A total of 132 hedge funds in Insider Monkey’s database of 943 funds reported owning stakes in NVIDIA Corporation (NASDAQ:NVDA) as of the end of the first quarter. The biggest stakeholder of NVIDIA Corporation (NASDAQ:NVDA) during this period was Rajiv Jain’s GQG Partners which owns a $2.3 billion stake in the company.

Harding Loevner Global Equity Strategy made the following comment about NVIDIA Corporation (NASDAQ:NVDA) in its Q1 2023 investor letter:

“It also signaled lower capital expenditures and increased share repurchases. Other tech companies, including Salesforce, similarly benefited from plans to lower costs and increase profitability. Meanwhile, NVIDIA Corporation (NASDAQ:NVDA), the graphic-chips designer, surged amid investor enthusiasm over the potential commercial applications of artificial-intelligence technologies, such as ChatGPT, which requires the use of many chips.”