Is NVIDIA (NVDA) One of the Top High-Conviction Stocks to Buy According to Hedge Funds?
Key takeaways
- Is NVIDIA (NVDA) One of the Top High-Conviction Stocks to Buy According to Hedge Funds?
- In a separate development, Reuters reported on June 1 that NVIDIA Corporation (NASDAQ:NVDA) unveiled a new chip that incorporates AI capabilities directly into desktop computers and laptops.
- NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software.
Is NVIDIA (NVDA) One of the Top High-Conviction Stocks to Buy According to Hedge Funds? Noor Ul Ain Rehman Wed, June 24, 2026 at 7:13 PM GMT+7 2 min read NVDA 000660.KS 035420.KS SKM MSFT NVIDIA Corporation (NASDAQ:NVDA) is one of the top high-conviction stocks to buy according to hedge funds. Reuters reported on June 8 that NVIDIA Corporation (NASDAQ:NVDA) announced a series of deals in South Korea with tech giants, which included SK Hynix and Naver, building on its attempts to secure crucial memory chips for powering its AI ambitions. The agreement announcement came during Nvidia CEO Jensen Huang’s high-profile trip to South Korea. Reuters further stated that the value of the deals was not disclosed by NVIDIA Corporation (NASDAQ:NVDA) and its partners, which also included SK Telecom and conglomerate Doosan Group.
In a separate development, Reuters reported on June 1 that NVIDIA Corporation (NASDAQ:NVDA) unveiled a new chip that incorporates AI capabilities directly into desktop computers and laptops. CEO Jensen Huang stated that the RTX Spark PC chip is part of the company’s endeavors with Microsoft to “reinvent the PC” for the AI era, following three years of collaboration between the companies. It added that the chip is developed with Taiwan’s MediaTek, and is set to debut in laptops and compact desktops this fall from Dell, HP, Lenovo, ASUS, Microsoft Surface, and MSI, with models from Acer and GIGABYTE to follow.
NVIDIA Corporation (NASDAQ:NVDA) designs and manufactures computer graphics processors, chipsets, and other multimedia software. It operates in the Compute & Networking and Graphics Processing Unit (GPU) segments.