NVIDIA Corp. (NVDA) listed as the top stock under $100 to buy by hedge funds.
From Yahoo Finance: 2025-04-23 11:23:00
In a recent article, Insider Monkey listed the 12 Best Stocks Under $100 to Buy According to Hedge Funds. NVIDIA Corp. (NVDA) was highlighted as one of the top stocks under $100 favored by hedge funds. Chris Davis of Davis Advisors discussed the importance of selectivity in today’s market, emphasizing the need for a diverse approach beyond tech stocks. Davis believes active management is set for a resurgence as the market shifts towards selectivity and away from index concentration. He pointed out major transitions shaping the investment environment, such as the shift from free money to normal interest rates and the end of globalization.
NVIDIA Corp. (NVDA) is currently trading at $96.91, with 223 hedge fund holders. The company is a leading provider of graphics and compute & networking solutions used in various markets. Despite a record revenue of $35.6 billion in FQ4 2024, Argus lowered the stock’s price target due to US licensing requirements impacting quarterly earnings. However, NVIDIA remains poised for growth, driven by AI infrastructure and gaming technology.
Guinness Global Innovators is bullish on NVIDIA Corp. (NVDA) for its dominant position in the AI chip market. The company’s revenue has more than doubled in the last two fiscal years, with an impressive operating margin of 62.4% in 2024. NVIDIA’s innovative products and exposure to AI, cloud computing, and data infrastructure trends make it a cornerstone of growth-oriented portfolios. The company’s resilience and technological leadership position it well for sustained outperformance.
Overall, NVIDIA Corp. (NVDA) ranks 1st on the list of the best stocks under $100 to buy according to hedge funds. While the company shows growth potential, there are other AI stocks with promising returns in a shorter timeframe. Investors looking for AI stocks with high potential and low valuation should consider exploring options beyond NVDA.
Read more: Is NVIDIA Corp. (NASDAQ:NVDA) the Best Stock Under $100 to Buy According to Hedge Funds?