In this article, we will look at the 10 Best NASDAQ Stocks to Buy According to Billionaires.
The latest market data shows that the US economy contracted at an annualized rate of 0.3% during the first quarter of 2025. This was a rapid reversal from the 2.4% growth in the last quarter of 2024. The further segregation of the data shows that tariff uncertainty was one of the key contributing factors toward the slowdown, as net exports dropped 4.8%. According to a recent report by CNBC, traders highlighted that the imports were skewed up 41% last quarter as a preparatory move by companies to get ahead of the tariff situation. In this backdrop, the NASDAQ slipped another 0.09% on May 1, to end at 17,446.34.
On April 30, Fundstrat’s Tom Lee joined CNBC to talk about the outlook of the stock market amidst the tariff situation. He noted that the stock market is currently trying to figure out the trajectory of the economy as it is clear that the economic data for the next 3 quarters will be polluted by the tariffs and other distortions that follow. Lee highlighted that there are two questions that the market is trying to figure out. The first question is whether this is a dip and noise for 2025 only and the market exists in better shape as 2026 approaches. If this is the case then Lee believes that Equities have already made their lows with the S&P 500 at 4,835 on April 7. This will be the better-case scenario of all the possible outcomes. However, if the market feels that the uncertainty is dragging into a few more quarters in 2025 then that could be harmful for the stock market.
CNBC’s Steve Liesman added to Tom Lee’s comments by mentioning that the current stock market is the President’s market. He highlighted that when President Trump took charge the stock market rallied, however, the later policies hampered the sentiment and took the stock market down with it. Liseman further elaborated that before all these policy uncertainties the forecasts for GDP in 2025 were at 2% growth each quarter. However, now the first quarter ended up at -0.3% with an expectation of 1.6% growth next quarter. Liseman concluded that the market might see the economy bouncing back in the next quarter allowing investors to make sense of the outlook.
Amidst this uncertainty, Lee has emphasized the importance of staying invested in times of volatility to reap the benefits. We have covered more analysis from Tom Lee in 10 Best Growth Stocks to Buy According to Billionaires.
With that, let’s take a look at the 10 best NASDAQ stocks to buy according to billionaires.
Our Methodology
To curate the list of the 10 best NASDAQ stocks to buy according to billionaires, we used the Finviz stock screener and Insider Monkey’s billionaire database. Using the screener we aggregated a list of stocks trading on NASDAQ. After sorting the list by market cap, we checked the number of billionaires holding each stock and ranked the stocks in ascending order of the number of billionaire investors. We have also added the total value of billionaire holdings and the hedge fund sentiment around each stock.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Best NASDAQ Stocks to Buy According to Billionaires
10. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Funds: 166
Number of Billionaire Investors: 21
Value of Billionaire Holdings: $101,684,000,000
Apple Inc. (NASDAQ:AAPL) is a leading technology company specializing in designing, manufacturing, and selling consumer electronics, software, and related services. It is known for its iconic iPhones, Macbooks, and iPads.
On April 28, Analyst Krish Sankar of TD Cowen maintained a Buy rating on the stock and reiterated the price target of $290. The analyst noted that the company is anticipated to grow its revenue by 4% year-over-year during the March and June quarters. Sankar highlighted that despite the tariff situation, the demand for Apple Inc. (NASDAQ:AAPL) products has increased in the United States. Moreover, the services segment of the company is also anticipated to grow by 11% year-over-year.
While the tariffs might hamper the iPhone unit sales in China, however, there is a significant upside in the United States, driven by the inventory build-up. In addition, the analyst also likes the company’s strategy to ramp up production in India, ahead of smartphone tariffs. Apple Inc. (NASDAQ:AAPL) is one of the best NASDAQ stocks to buy according to billionaires.
9. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Funds: 126
Number of Billionaire Investors: 21
Value of Billionaire Holdings: $8,091,654,641
Tesla, Inc. (NASDAQ:TSLA) is an international technology company pioneering electric and fully self-driving vehicles. It operates through two main business segments including the Automotive Segment and the Energy Generation and Storage Segment.
On April 29, Morgan Stanley analyst Adam Jonas maintained a Buy rating on the stock with a price target of $410. The analyst sees significant growth opportunities for Tesla, Inc. (NASDAQ:TSLA). He highlighted that the company’s capabilities to work on emerging technologies including autonomous vehicles and humanoid robots presents a significant growth opportunity that can generate margins beyond the electric vehicle market. Moreover, Jonas also anticipates the emerging technology market to exceed the current market valuations thereby offering significant competitive advantage to the company.
During the first quarter of 2025, the company upgraded production lines for the Model across all four of its global factories, which led to a slight decline in vehicle deliveries. However, the Energy Generation and Storage revenue of Tesla, Inc. (NASDAQ:TSLA) grew 67% year-over-year, along with services and other revenues. Tesla, Inc. (NASDAQ:TSLA) is one of the best NASDAQ stocks to buy according to billionaires.
Baron Partners Fund stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its Q4 2024 investor letter:
“Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles, related software and components, and solar and energy storage products. Shares rose on growth in the energy segment, the promise of new model launches in 2025, and increasing investor confidence in Tesla’s AI initiatives. Despite macroeconomic challenges, delivery data in major markets like China have shown considerable improvement. The energy and automotive segments demonstrated stronger-than-expected profitability. Tesla also expanded its advanced computing center in Texas, released improved version of its software-enhanced driving solution, and is set to launch new mass market vehicles years after the initial rollouts of Models 3 and Y. Expectations of deregulation under the incoming administration point to the potential acceleration of new technology rollouts, which could enhance Tesla’s leadership position in real world AI and bolster investor confidence that Tesla will benefit from these large and attractive growth opportunities.”