10 Best NASDAQ Stocks to Buy According to Billionaires

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Funds: 223

Number of Billionaire Investors: 29

Value of Billionaire Holdings: $33,248,032,387

NVIDIA Corporation (NASDAQ:NVDA) is an international technology company leading the AI revolution. It specializes in accelerated computer infrastructure. The company’s core business revolves around developing graphic processing units along with advanced computing infrastructure and software.

While the company is already making strides in the AI industry, it has also started to expand in other high-growth emerging technology industries such as quantum computing. On March 19, NVIDIA Corporation (NASDAQ:NVDA) announced that it is building an accelerated quantum research center in Boston to advance quantum computing by integrating quantum hardware with AI supercomputers. The company will work with other quantum computing companies to develop new applications.

Financially speaking, NVIDIA Corporation (NASDAQ:NVDA) has been beating expectations. During the fiscal fourth quarter of 2024, the company grew its quarterly revenue by 78% year-over-year to reach a record revenue of $39.3 billion. This was driven by another record quarter for its Data Center segment which grew 93% over the past year. NVIDIA Corporation (NASDAQ:NVDA) is one of the best NASDAQ stocks to buy according to billionaires.

Ithaka US Growth Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q1 2025 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) is the undisputed leader in accelerated computing, with dominant market share in Graphics Processing Units (GPUs) powering AI workloads across data centers, edge devices, and emerging platforms. Its end-to-end ecosystem—from silicon to software (CUDA, networking, and AI frameworks)—creates high switching costs and a widening competitive moat. With secular demand for AI infrastructure still in its early innings, Nvidia stands to benefit from sustained topline growth and strong operating leverage. In early January, a little known Chinese AI company, DeepSeek, released its large language model (LLM), DeepSeek-R1, to an unexpecting world. This model was purportedly trained on very few high-end Nvidia chips and was highly efficient when compared to other leading models. This release set off a chain reaction where investors have had to grapple with the idea that the world may not need as many GPUs as previously thought, which hampered the Nvidia buy case and sent the P/E multiple down to its cheapest level in the past 5 years.”