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.”
8. PDD Holdings Inc. (NASDAQ:PDD)
Number of Hedge Funds: 85
Number of Billionaire Investors: 21
Value of Billionaire Holdings: $2,146,808,856
PDD Holdings Inc. (NASDAQ:PDD) is a Chinese multinational e-commerce company focused on enhancing digital presence for local businesses. It is known for its major platforms including the Pinduoduo and Temu. Moreover, the company has built a vast network of logistics through brand partnerships and technology-driven engagement.
During the fiscal fourth quarter of 2024, the company grew its revenue by 24% year-over-year to reach RMB110.6 billion. Moreover, the operating profit also rose to RMB25.6 billion indicating a 14% increase. Management noted that they are focused on expanding their platform sustainability and are also improving their supply chain. Looking ahead, there are some headwinds for PDD Holdings Inc. (NASDAQ:PDD). On April 29, CNBC’s Gabrielle Fonrouge and Annie Palmer reported that Temu has started adding import charges to customer orders which range from 130% to 150%. This is due to the tariffs imposed by the United States on China. Despite this, analysts remain optimistic for growth as the average price target presets 46.90% upside from current levels. PDD Holdings Inc. (NASDAQ:PDD) is one of the best NASDAQ stocks to buy according to billionaires.
GreenWood Investors stated the following regarding PDD Holdings Inc. (NASDAQ:PDD) in its Q4 2024 investor letter:
“Aside from transitory foreign exchange translation losses (as opposed to trading losses), the two other notable detractors from our portfolio were MEI Pharma and PDD Holdings Inc. (NASDAQ:PDD) in 2024.
PDD Holdings founder Colin Huang is who inspired us to “run 3x faster,” as the relentless corporate culture of PDD has built an e-commerce company with roughly the same GMV (gross merchandise value) of Amazon in one-third the time it took Amazon to build itself. Shares reacted negatively when the company decided to reinvest its record margins into even faster growth and creating a healthier supplier ecosystem. As it looks set to create a second Amazon with its international site Temu, we are highly attracted to the opportunity. Sales are growing 4x faster than Amazon’s, yet shares are priced at less than a quarter of the Amazon earnings multiple.
PDD is a perfect example of why we want to look outside of the “Big Ten” companies that are nearly a third of global market indices. We would not want to compete with the demanding corporate culture of PDD and Temu. Its operating model is relentless at identifying efficiency throughout the manufacturing and selling supply chain. Not only is it a more formidable competitor than Amazon, and growing much faster, but the valuation is 4x more attractive than Amazon’s…” (Click here to read the full text)
7. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Funds: 144
Number of Billionaire Investors: 25
Value of Billionaire Holdings: $12,748,745,334
Netflix, Inc. (NASDAQ:NFLX) is an international entertainment service company that operates a subscription-based streaming platform. The company offers paid memberships to over 190 countries across the world, providing them with a vast library of films, television series, and documentaries.
On April 22, Sachin Mittal, an analyst from DBS, maintained the Buy rating on the stock and raised the to $1,195. The analyst noted that Netflix, Inc. (NASDAQ:NFLX) surpassed market expectations for operating profits and normalized earnings. Moreover, the subscriber growth has also been exceptional as it exceeded forecasts. This growth is aided by the introduction of ad-supported tiers which drove new subscriptions. Mittal noted that the ad-supported tiers will enhance the revenue stream for the company.
Netflix, Inc. (NASDAQ:NFLX) began fiscal 2025 with robust financial growth. The company grew its Q1 revenue by 13% and operating income by 27%, both surpassing guidance. Management noted that this growth was driven by higher subscriptions and advertisement revenue. The company has reaffirmed its full-year guidance of revenue between $43.5 billion and $44.5 billion and an operating margin of 29%. It is one of the best NASDAQ stocks to buy according to billionaires.
Harding Loevner Global Developed Markets Equity Strategy stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q4 2024 investor letter:
“During the quarter, we benefited from strong stocks within the Communication Services and Consumer Discretionary sectors. Netflix, Inc. (NASDAQ:NFLX) was our top relative contributor; the company provided a favorable outlook for subscriber growth in 2025 and made progress in two key areas, live TV and advertising. The streaming service broadcast its first sporting events, including two National Football League games on Christmas, and said that the ad-supported plan it launched two years ago amassed 70 million subscribers, more than investors expected.”
6. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Funds: 161
Number of Billionaire Investors: 26
Value of Billionaire Holdings: $14,457,993,630
Broadcom Inc. (NASDAQ:AVGO) is another leading technology company that engages in the designing, manufacturing, and marketing of semiconductors and infrastructure software, which are also its two main business segments. Its products and solutions are used by major technology companies, data centers, and enterprises.
On April 22, Barclays analyst Thomas O’Malley maintained a Buy rating on the stock with a price target of $215. On March 31, Broadcom Inc. (NASDAQ:AVGO) announced that it unveiled a new generation of optical connectivity solutions at OFC 2025. The company showcased advancements including co-packaged optics (CPO), and 200G/lane digital signal processors. The company is working with more than 15 industry partners to enable the widespread adoption of these technologies.
Financially speaking, the company grew its revenue by 25% year-over-year to reach $14,916 million. During the first quarter of 2025. Management noted that the growth was driven by AI semiconductors and infrastructure solutions. The AI segment revenue grew 77% whereas the infrastructure revenue grew 47% during the same time. Looking ahead, Broadcom Inc. (NASDAQ:AVGO) anticipates second-quarter revenue of around $14.9 billion. It is one of the best NASDAQ stocks to buy according to billionaires.
Mar Vista U.S. Quality Select Strategy stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its Q1 2025 investor letter:
“We maintain a positive outlook on Broadcom Inc. (NASDAQ:AVGO) shares, despite recent stock price pressure stemming from two key concerns: (1) uncertainty around potential tariffs and the impact on global growth, and (2) investor skepticism regarding the return profile of large-scale AI capex investments by hyperscalers. This skepticism has been amplified by the efficiency gains recently demonstrated by DeepSeek, an unknown Chinese software company, which developed a competitive large language model at a much lower cost. These efficiency gains stoked fears that hyperscalers may have overbuilt AI infrastructure.
Broadcom maintains a strong competitive position in the custom AI ASIC market, as well as a disciplined capital allocation, most recently reflected in the VMWare acquisition. That deal is already delivering better than-expected top-line growth and margin expansion. Broadcom is the leading provider of custom AI ASICs and has been steadily diversifying its customer base beyond its initial anchor client, Alphabet. Many hyperscalers are interested in developing custom ASICs, which are tailored to specific computing tasks, given their lower costs and attractive performance attributes relative to general-purpose GPUs from providers like NVIDIA.
While we remain constructive on Broadcom’s long-term prospects, we did trim our position earlier in the quarter at higher levels to reallocate capital toward a more favorable risk-reward opportunity. Nonetheless, Broadcom remains a core holding in our portfolio and offers an attractive margin of safety. We believe the company is well-positioned to grow intrinsic value by +20% over the intermediate term.”
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.”
4. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Funds: 234
Number of Billionaire Investors: 33
Value of Billionaire Holdings: $22,418,594,670
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate that is known for its Google search engine and related services. The company operates through three main business segments including the Google Services, Google Cloud, and Other Bets segments.
On April 25, BMO Capital analyst Brian Pitz reiterated their bullish stance on the stock. The analyst noted that the company’s search segment has shown growth, notably the FX Neutral Search increase of 12%, exceeding company forecasts. The analyst also highlighted that the AI overviews which were introduced recently are being adopted quickly. This has also resulted in 50% more users since October. In addition, the cloud platform is also experiencing high demand with a growth rate of 28%, which is in alignment with Alphabet Inc.’s (NASDAQ:GOOGL) expectations.
During the fiscal first quarter of 2025, Alphabet Inc. (NASDAQ:GOOGL) grew its revenue by 12% year-over-year to reach $90.2 billion. The Google Services segment was the largest contributor with $77.3 billion in revenue, reflecting a 10% increase. However, the Google Cloud segment experienced the fastest growth with revenue growing 28% year-over-year. Alphabet Inc. (NASDAQ:GOOGL) is one of the best NASDAQ stocks to buy according to billionaires.
Wedgewood Partners stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q1 2025 investor letter:
“Alphabet Inc. (NASDAQ:GOOG) also detracted from performance during the quarter, despite of +13% growth in its core search business and over +20% growth in segment income for Google Services. The Company’s search results are beginning to beneit from the addition of “GenAI” (generative arti icial intelligence) responses being added, which monetize at a nearly similar rate as traditional search results do. Alphabet’s Google subsidiary serves billions of users per day, so it is no mean feat to be able to offer GenAI to users free of charge. Google has long been at the forefront of AI hardware and software R&D, irst rolling out its Tensor Processing Units (TPU) to run machine-learning operations across massive datasets almost a decade ago. The Company should be able to continue to drive growth thanks to these large long-term investments in AI and other technical software and infrastructure.”
3. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Funds: 262
Number of Billionaire Investors: 36
Value of Billionaire Holdings: $32,459,738,389
Meta Platforms, Inc. (NASDAQ:META) is another American technology company focused on building and operating social platforms. It is known for its family of apps including Facebook, Instagram, and WhatsApp. The company operates through two main business segments including the Family of Apps and Reality Labs, through which the company engages in the development of VR, AR, and mixed reality hardware and software.
On April 30, Bank of America Securities analyst Justin Post maintained a Buy rating on the stock with a price target of $640. Post highlighted the company’s advancement in AI and particularly likes its open-source approach. The analyst noted that the company has made significant investments in artificial intelligence and has positioned itself as one of the leaders with its Llama large language models.
Moreover, At recent events Such as LlamaCon, Meta Platforms, Inc. (NASDAQ:META) showcased the Llama model’s broad capabilities and cost advantages over its competitors. The flexibility and range of tools available for building and scaling AI applications are expected to drive further adoption across industries. Meta Platforms, Inc. (NASDAQ:META) is one of the best NASDAQ stocks to buy according to billionaires.
Nightview Capital stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q4 2024 investor letter:
“Core Opportunity: Meta Platforms, Inc.’s (NASDAQ:META) platforms—Instagram, Facebook, WhatsApp, and Messenger—reach nearly half the world’s population daily, making it one of the most powerful advertising ecosystems globally. With investments in AI and augmented reality (AR), we believe Meta is also creating significant optionality for long-term growth.
Competitive Advantage: Thriving Core Platforms: In Q3, we saw Meta achieve a 23% YoY revenue growth,—a testament to strong user engagement across its ecosystem. The advertising landscape as a whole continues to evolve and we believe Meta’s existing platforms offer a defined advantage in this new world. Existing platforms in the age of AI continue to be the most powerful indicator of future success in our opinion.
AI Leadership: Meta’s AI capabilities and the Llama AI model are driving efficiency and product innovation. In our view, these assets have been under-appreciated by the market while enhancing Meta’s ability to further scale and innovate its leading advertising business…” (Click here to read the full text)
2. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Funds: 317
Number of Billionaire Investors: 39
Value of Billionaire Holdings: $53,356,256,512
Microsoft Corporation (NASDAQ:MSFT) is an international technology company that develops and sells a range of software, services, devices, and solutions. The company’s operations are segregated into three main segments including Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The company is known for its productivity tools such as Microsoft 365 and LinkedIn.
On May 2, CMB International Securities analyst Saiyi He maintained a Buy rating on the stock with a price target of $510.3. The analyst noted that the company posted growth in net revenue and profit during the third quarter of fiscal 2025, which surpassed the market estimates. Microsoft Corporation (NASDAQ:MSFT) achieved $70.1 billion in revenue after a solid 13% growth year-over-year. The operating income grew 16% during the same time to reach $25.8 billion. Analyst Saiyi noted that the growth was driven by the company’s Intelligent Cloud and More Personal Computing segments.
Microsoft Corporation (NASDAQ:MSFT) is experiencing robust demand for its AI cloud services which continues to outpace the data center capacity. The analyst highlighted that despite the increased investment in AI infrastructure the company has been able to maintain growing its operating profits reflecting its improved execution and efficiency. Microsoft Corporation (NASDAQ:MSFT) is one of the best NASDAQ stocks to buy according to billionaires.
Polen Focus Growth Strategy stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its first quarter 2024 investor letter:
“The top absolute contributors were Amazon, Netflix, and Microsoft Corporation (NASDAQ:MSFT). Microsoft continues to grow impressively despite its immense size, driven primarily by Azure and related cloud offerings. While we expect generative AI to be a tailwind to growth for Azure and Microsoft’s Office and Power Apps businesses, it is still early days on that journey.”
1. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Funds: 339
Number of Billionaire Investors: 40
Value of Billionaire Holdings: $33,043,036,466
Amazon.com, Inc. (NASDAQ:AMZN) is another international technology company known for its E-commerce platform and cloud services. The company operates through a series of businesses including E-Commerce Platform, Amazon Web Services, Consumer Electronics and Devices, and Digital Content and Entertainment.
On April 2nd, Mark Shmulik from Bernstein maintained a Buy rating on the stock with a price target of $230. The analyst noted that the company posted revenues slightly above the consensus. The growth was driven by growth across stores, subscriptions, and advertising business. Shmulik noted that although Amazon.com, Inc. (NASDAQ:AMZN) has conservative guidance for the second quarter, however, the company has been able to maintain a stable demand for its retail and advertising segment.
During the fiscal first quarter of 2025, Amazon.com, Inc. (NASDAQ:AMZN) grew its net sales by 9% to $155.7 billion. The operating income also grew from $15.3 billion to $14.8 billion. In a major development, the company announced that it will be investing $4 billion investment through 2026 to expand its rural delivery segment. It is one of the best NASDAQ stocks to buy according to billionaires.
L1 Capital International Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2025 investor letter:
“The Fund has investments in three of the Magnificent 7: Amazon.com, Inc. (NASDAQ:AMZN), Microsoft, and a smaller position size in Alphabet. As noted, the market remains concerned about elevated capital expenditure, the returns the leading Cloud and AI service providers will earn on these immense levels of capex and, more recently, concerns on overall cloud and AI services demand as well as increasing general economic weakness. There are also increasing concerns that Alphabet’s competitive position in Search will not be as strong in an AI-centric world. More recently, trade policy concerns are pressuring all companies, and there have been huge equity market flows from short term investors derisking their portfolios as well as likely passive investor selling pressure. While operating conditions have weakened to some extent, at current share prices, all three businesses are trading well below our base case fair value range and offer highly attractive risk adjusted returns for investors with a longer-term investment horizon.”
While we acknowledge the potential of AMZN to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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