The best mutual funds are investing billions in this unexpected list of 7 hot stocks including Nvidia

The best mutual funds are investing billions in this unexpected list of 7 hot stocks including Nvidia

with Nvidia (NVDA), Microsoft (MSFT), Meta platforms (META) and other Magnificent Seven stocks now account for about half of Nasdaq’s total market capitalization, it’s no wonder these tech giants remain Wall Street wonders. But this month’s new buy list by the best mutual funds reveals a different set of seven stocks showing impressive demand.




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Microsoft, Meta, and Nvidia stocks all make this screen, which showcases companies with exceptional institutional demand. The list highlights seven stocks with at least $1 billion in flows from the best mutual funds.

In addition to these three great stocks, Uber technologies (Uber), Adel Ishaq (FICO), Arista Networks (Annette) and fiserv (FI) also makes the billion-dollar club.

Without exception, Nvdia, Uber, Microsoft, Meta, and the other members of this elite club are now trading at or near their all-time highs.

the alphabet (GOOGL) just missed out on an opportunity to get an invitation to join the billion-dollar club. These leading money managers invested a total of $950 million in shares of Google’s parent company.

Uber stock leads new buying by top mutual funds

a company Code Amount invested (billion) Classification of companies EPS rating RS rating SMR rating Classification A/D
Uber technologies (Uber) $12.3 97 82 96 B a
Microsoft (MSFT) 5.5 97 97 89 a B
Nvidia (NVDA) 2.4 99 99 98 a B+
Meta platforms (dead) 1.4 99 96 97 a B
Adel Ishaq (FICO) 1.4 94 95 96 unavailable B
Arista Networks (network) 1.2 99 98 96 a a-
fiserv (fi) 1.1 86 95 82 a D+

The links below highlight a portion of this month’s new buying and selling by top funds.

Click here to see all the stocks in the list.

Artificial intelligence drives demand for these two sectors

Artificial Intelligence is spreading like water into every crevice of every industry, and continues to stimulate demand among the best mutual funds. In addition to the Magnificent Seven stocks, Uber and others mentioned earlier, savvy money managers are once again revealing strong interest in three particular industries: enterprise software, cybersecurity, and semiconductors.

led by Service now (now), Salesforce.com (customer relationship management), Denatress (DT) and Palantir Technologies (PLTR), the enterprise software group represents 16 stocks on the list of new buys by top mutual funds.

UiPath (road), Shopify (Shop), Cloudflare (network), Monday.com (MNDY) and DocuSign (DOCU) also descends from this group.

With artificial intelligence and cloud computing raising concerns about network security, four cybersecurity companies made this screen: Crowd Strike (Crood), Palo Alto Networks (Bano), CyberArk program (Cyber) and Zscaler (xx).

Including Nvidia, six stocks from the semiconductor sector also etched their names in the list of new buys by top mutual funds. This set includes ASML (fat) Broadcom (AFGO) and Rambus (RMBS).

Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.

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