Here is what Harding Loevner has to say about NVIDIA Corporation in its Q3 2021 investor letter : In addition, 83 elite funds had a stake in NVIDIA Corporation (NASDAQ:NVDA) worth over $10 billion at the end of the September quarter.Īmong the hedge funds being tracked by Insider Monkey, GQG Partners is a leading shareholder in the California-based GPU maker with 15 million shares worth more than $3.14 billion. On December 3, Citi analyst Atif Malik maintained a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) with a price target of $350. The company grew its year-over-year revenue in the third quarter of 2021, reporting total revenue of $7.10 billion. The company is among the biggest suppliers of semiconductors to data centers globally. NVIDIA Corporation (NASDAQ:NVDA) shares have risen 35% over the last six months as the chipmaker continues to dominate the GPU market. NVIDIA GPU deep learning, an enterprise AI product from the California-based company, is widely used for training deep neural networks. Graphics chip giant NVIDIA Corporation (NASDAQ:NVDA) is one of the best AI stocks for 2022.
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