Top 5 Data Center Companies in the USA

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 84

2021 Revenue: $16.675 billion

NVIDIA Corporation (NASDAQ:NVDA) is a leading semiconductor producer that also sells GPUs to data centers. Given that GPUs are  in some ways superior to CPUs for certain applications used in data centers, NVIDIA Corporation (NASDAQ:NVDA) is a company that could benefit from the growth in data centers.

Given the large rally in NVIDIA Corporation (NASDAQ:NVDA)’s stock over the last ten years, however, a lot of the growth may have already been priced in but there could still be long term upside if the growth continues. On September 21, Ambrish Srivastava of BMO Capital cut his price target to $210 from $230 and kept an ‘Outperform’ rating. 84 hedge funds in our database owned shares in NVIDIA Corporation (NASDAQ:NVDA) at the end of the second quarter with Fisher Asset Management owning almost 7.6 million shares.