Is it a Great Move to Buy NVIDIA (NVDA) Shares?

ClearBridge Investments, an investment management firm, published its “Global Growth Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the ClearBridge Global Growth Strategy outperformed its MSCI ACWI benchmark. The Strategy delivered gains across eight of the nine sectors in which it was invested (out of 11 total), with the information technology (IT) and industrials sectors the primary contributors. The communication services sector was the sole detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments Global Growth Strategy, 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 $679.9billion market capitalization, and is currently spearheaded by its CEO, Jensen Huang. NVIDIA Corporation (NASDAQ:NVDA) delivered a -7.23% return since the beginning of the year, while its 12-month returns are up by 97.56%. The stock closed at $272.86 per share on March 31, 2022.

Here is what ClearBridge Investments Global Growth Strategy has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2021 investor letter:

ClearBridge Investments, an investment management firm, published its “Global Growth Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the ClearBridge Global Growth Strategy outperformed its MSCI ACWI benchmark. The Strategy delivered gains across eight of the nine sectors in which it was invested (out of 11 total), with the information technology (IT) and industrials sectors the primary contributors. The communication services sector was the sole detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022. Bucking the headwinds among our emerging growth names was Nvidia, which saw continued sales momentum from their leadership positions in the key growth areas of graphics processing units for gaming and data centers.”

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 -7.77% 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.