16.01.2025 13:19:00

Should You Forget Nvidia and Buy This Tech Stock Instead?

Everybody knows that Nvidia (NASDAQ: NVDA) is one of the most popular stocks on the market today. It's not only one of the most valuable stocks with a $3.24 trillion market cap on Jan. 13, but it's also very heavily traded. The daily dollar volume of Nvidia shares moving from one investor to another was about $28 billion in recent weeks. That's more than the total dollar-based trading of Apple, Microsoft, and Amazon.So it's no surprise that a Motley Fool research report finds Nvidia stock in almost every hedge fund managed by a well-known billionaire. Analyzing 16 such funds, 10 of them ranked Nvidia among their 10 largest holdings.But Nvidia wasn't the most popular name in this report. Eleven of these hedge funds listed Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) as a top-10 holding, in a tie with Facebook and Instagram parent Meta Platforms.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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