From Yahoo Finance: 2025-05-11 16:49:00

Billionaire investor Jim Simons’ quantitative trading firm, Renaissance Technologies, employs data-driven investment strategies using statistical and mathematical models to predict stock movements, generating impressive returns. The secretive Medallion Fund, part of Renaissance, has produced annual returns of 31.5% since inception, contributing to Simons’ $31.4 billion net worth.

Renaissance Technologies’ powerhouse performance continued in 2024, with the Institutional Diversified Alpha Fund gaining 9.05% and the Institutional Equities Fund rising 11.85% in the first two months of 2025. Maintaining individual stock positions and utilizing stock index futures and options, the firm warns of potential market impact when unwinding holdings.

NVIDIA Corporation (NVDA), a leader in networking and graphics processing, offers GPUs for AI, gaming, HPC, and other industries. Piper Sandler maintained a $150 price target and Overweight rating on NVDA stock, conducting sensitivity analysis on data center revenues to assess potential impact from capital expenditure slowdown. NVDA shares surged amid reports of planned AI chip curb withdrawals.

Ranked 11th in best stocks to buy by Jim Simons’ Renaissance Technologies, NVDA shows investment potential but other AI stocks may offer higher returns in a shorter time frame. For a promising AI stock trading at less than 5 times earnings, explore our report on the cheapest AI stock.NVDA’s potential impact from capital expenditure slowdown. NVDA shares surged amid reports of planned AI chip curb withdrawals.

Ranked 11th in best stocks to buy by Jim Simons’ Renaissance Technologies, NVDA shows investment potential but other AI stocks may offer higher returns in a shorter time frame. For a promising AI stock trading at less than 5 times earnings, explore our report on the cheapest AI stock.

Read more: Among the Best Stocks to Buy According to Jim Simons’ Renaissance Technologies