Jim Simons Stock Portfolio: Top 5 Stock Picks

4. NVIDIA Corporation (NASDAQ:NVDA)

Renaissance Technologies’ Latest Investment: $785 million

NVIDIA Corporation (NASDAQ:NVDA) is the biggest graphics processing unit (GPU) designer and seller in the world. The firm’s stock has soared this year due to its products being central for data center artificial intelligence (AI) applications. Amidst reports that ChatGPT maker OpenAI might switch from NVIDIA’s GPUs, Citi believes that the firm is still set to command a 90% market share for the next couple of years.

By the end of 2023’s June quarter, 175 out of the 910 hedge funds polled by Insider Monkey had held a stake in the company. NVIDIA Corporation (NASDAQ:NVDA)’s largest hedge fund investor is Rajiv Jain’s GQG Partners due to its $5.8 billion stake.

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