"NVIDIA Corporation (NVDA): A Tripled Year-To-Date Must-Have Stock for Long-Term Investors"

NVIDIA Corporation (NVDA) shares have nearly tripled year-to-date, driven by unprecedented growth in demand for its data center chips. The Baron Opportunity Fund highlighted NVIDIA as a leading semiconductor company that sells chips and software for accelerated computing and gaming. NVIDIA reported revenue of $13.5 billion in the second quarter and guided for another increase in the third quarter to $16 billion. The company is at the forefront of a new era of computing, with its CEO stating that the world is transitioning from general-purpose computing to accelerated computing and generative AI. NVIDIA is currently in the 17th position on the list of 30 most popular stocks among hedge funds.