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

ClearBridge Investments, an investment management firm, published its “Large Cap Growth Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Large Cap Growth Strategy underperformed its Russell 1000 Growth Index benchmark during the first quarter. On an absolute basis, the Strategy suffered losses across seven of the eight sectors in which it was invested (out of 11 sectors total). The leading detractors of performance were in the communication services and information technology (IT) sectors, while the financials sector was a contributor. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, ClearBridge Investments Large Cap Growth Strategy mentioned  NVIDIA Corporation (NASDAQ:NVDA) and explained its insights for the company. Founded in 1993, NVIDIA Corporation (NASDAQ:NVDA)  is a Santa Clara, California-based multinational technology company with a $529.7 billion market capitalization. NVIDIA Corporation (NASDAQ:NVDA)  delivered a -27.72% return since the beginning of the year, while its 12-month returns are up by 31.73%. The stock closed at $212.58 per share on April 15, 2022.

Here is what ClearBridge Investments Large Cap Growth Strategy has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q1 2022 investor letter:

“Gaming is an attractive end market within the media/technology sector with strong growth and a long runway, particularly in mobile gaming. Unity’s platform provides an engine and toolkit for development and monetization of games, e-commerce and industrial applications, adding to our industry exposure, which also includes Nvidia (NASDAQ:NVDA) in graphic processing chips.”

Photo by Christian Wiediger on Unsplash

Our calculations show that NVIDIA Corporation (NASDAQ:NVDA) ranks 13th on our list of the 30 Most Popular Stocks Among Hedge Funds. NVIDIA Corporation (NASDAQ:NVDA) was in 110 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 83 funds in the previous quarter. NVIDIA Corporation (NASDAQ:NVDA) delivered a -20.01% return in the past 3 months.

In April 2022, we published an article that includes NVIDIA Corporation (NASDAQ:NVDA) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

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