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Is NVIDIA (NVDA) A Great Investment Choice?

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  • NVDA

Harding Loevner, an investment management firm, published its “Global Equity Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. A return of -1.31% was recorded by the fund for the third quarter of 2021, trailing its Benchmark, the MSCI World Index, which returned 0.09% for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Harding Loevner Global Equity Fund, in its Q3 2021 investor letter, mentioned NVIDIA Corporation (NASDAQ: NVDA) and discussed its stance on the firm. NVIDIA Corporation is a Santa Clara, California-based multinational technology company with a $764.8 billion market capitalization. NVDA delivered a 135.11% return since the beginning of the year, while its 12-month returns are up by 126.38%. The stock closed at $306.93 per share on December 03, 2021.

Here is what Harding Loevner Global Equity Fund has to say about NVIDIA Corporation in its Q3 2021 investor letter:

"The proliferation of devices using chips, whether EVs, “things” in lol, or embedded systems more generally, results in the generation of oceans of data potentially needing to be stored, processed, and analyzed. NVIDIA, the leading chip designer wellknown for its graphic processing units and its complementary CUDA software ecosystem, is at the forefront of the effort to provide the analytical platform needed to unlock the full potential of such specialist processors."

Photo by Christian Wiediger on Unsplash

Based on our calculations, NVIDIA Corporation (NASDAQ: NVDA) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. NVDA was in 83 hedge fund portfolios at the end of the third quarter of 2021, compared to 86 funds in the previous quarter. NVIDIA Corporation (NASDAQ: NVDA) delivered a 34.37% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.