Here’s Why You Should Consider Investing in NVIDIA Corp. (NVDA)

Vulcan Value Partners, an investment management firm, published its “Vulcan Value Partners Large Cap Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap Composite Fund delivered a 1.2% net return for the fourth quarter of 2021, compared to its benchmarks, the Russell 1000 Value Index and S&P 500 Index which delivered 7.8% and 11% returns respectively for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Vulcan Value Partners Large Cap Fund, in its Q4 2021 investor letter, mentioned NVIDIA Corporation (NASDAQ:NVDA) and discussed its stance on the firm. Founded in 1993, NVIDIA Corporation (NASDAQ:NVDA) is a Santa Clara, California-based multinational technology company with a $638.7billion market capitalization, and is currently spearheaded by its CEO, Jensen Huang. NVIDIA Corporation (NASDAQ:NVDA) delivered a -12.84% return since the beginning of the year, while its 12-month returns are up by 102.75%. The stock closed at $256.34 per share on March 22, 2022.

Here is what Vulcan Value Partners Large Cap Fund has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2021 investor letter:

“NVIDIA Corp. was a material contributor during the quarter. We have discussed NVIDIA at length in previous quarters. Its products are at the intersection of a number of important computing trends including the movement to the Cloud, artificial intelligence, autonomous vehicles, edge computing, gaming, and now, the Metaverse. The company continues to outperform expectations, growing its revenue and free cash flow significantly throughout 2021, and in turn, its value is compounding quickly.”

Photo by Christian Wiediger on Unsplash

Our calculations show that NVIDIA Corporation (NASDAQ:NVDA) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. NVIDIA Corporation (NASDAQ:NVDA) was in 86 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 80 funds in the previous quarter. NVIDIA Corporation (NASDAQ:NVDA) delivered a -12.81% return in the past 3 months.

In March 2022, we also shared another hedge fund’s views on NVIDIA Corporation (NASDAQ:NVDA) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.