Morris Mark’s Mark Asset Management Latest Portfolio: Top 5 Stock Picks

2. NVIDIA Corporation (NASDAQ:NVDA)

Mark Asset Management’s Stake Value: $51,373,000

Percentage of Mark Asset Management’s 13F Portfolio: 7.54%

Number of Hedge Fund Holders: 102

Apart from QUALCOMM Incorporated (NASDAQ:QCOM), NVIDIA Corporation (NASDAQ:NVDA) was the only other semiconductor stock among Mark Asset Management’s top 10 stock picks at the end of the first quarter.

NVIDIA Corporation (NASDAQ:NVDA) has been one of the best-performing stocks in the last ten years. Despite the stock catering by more than 37% year-to-date, it is still up more than 53 times from where it traded ten years ago.

A large part of the fall that NVIDIA Corporation’s (NASDAQ:NVDA) stock has seen this year can be attributed to the CHIPS Act, which the House of Representatives passed on July 28 and now has gone to President Biden’s office to be signed into law. The CHIPS Act seeks to boost semiconductor manufacturing in the US as it faces heavy competition from China in the semiconductor industry.