As AI reshapes the global economy, billionaire investors and prominent fund managers are placing bold bets on the next wave of tech winners. On June 4, in an interview with CNBC, Dan Ives, Global Head of Tech Research at Wedbush, emphasized that the AI-driven “fourth industrial revolution” is in its early stages, with broad investment opportunities beyond just the mega-cap names. His newly launched ETF, based on the “Ives AI 30,” highlights both primary AI beneficiaries, such as mega-caps, as well as second- and third-order plays across software, cybersecurity, infrastructure, and energy.
While he remains bullish on the autonomous vehicle technology space, he views AI-related federal government spending, particularly in software and cybersecurity, as a significant tailwind for certain tech companies.
He also highlighted the convergence of AI and energy, referencing a recent deal between a mega-cap tech company and an energy company as a sign that data center power needs will multiply significantly. Cybersecurity is his top “second derivative” pick, as protecting AI workloads becomes increasingly critical across industries.
In another interview on May 15, Ives called the recent AI developments in the Middle East a “watershed moment,” highlighting significant investments in supercomputing and data centers in Saudi Arabia and the UAE, fueled by top U.S. tech companies. He sees the region emerging as an essential growth engine in the global AI race, benefiting from access to cutting-edge Nvidia chips.
Ives emphasized that this surge in Middle East AI infrastructure could drive up to $1 trillion in incremental tech spending, marking a previously underestimated tailwind for AI stocks. Therefore, he remains bullish on his large-cap technology picks.
With that in mind, let’s take a look at the 10 best tech stocks to buy according to billionaires.
Our Methodology
For this list, we first compiled a preliminary list of Technology stocks using a review of online screeners, ETFs, and financial media reports. We then analyzed Insider Monkey’s database of billionaire holdings to determine the most favored technology stocks among those investors. We then ranked the top 10 of these stocks in ascending order based on the number of billionaire investors holding positions in each company as of Q4 2024. Additionally, we also provide data to assess hedge fund sentiment surrounding these stocks, utilizing data from Insider Monkey’s Q1 2025 hedge fund database to offer deeper insights into institutional investor trends.
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 Tech Stocks to Buy According to Billionaires
10. Advanced Micro Devices Inc. (NASDAQ:AMD)
Number of Billionaire Investors: 18
Billionaire Holdings: $5.1 Billion
Number of Hedge Fund Holders: 97
Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the 10 best tech stocks to buy according to billionaires right now. On June 9, Citi analyst Christopher Danely raised his price target for Advanced Micro Devices to $120 from $100, maintaining a Neutral rating. The analyst’s outlook is influenced by several factors, including AMD’s latest product launches and the potential to attract new customers, which could be further enhanced by the company’s upcoming event “Advancing AI’ on June 12.
Danely notes that investors are watching closely as Advanced Micro Devices Inc. (NASDAQ:AMD) unveils the MI355X and shares updates on the MI400. While expectations are high, there are concerns about profitability, especially since AMD acknowledges that its AI-focused products are currently weighing on margins. The analyst believes that the question now is how the company plans to improve its financial position.
Advanced Micro Devices Inc. (NASDAQ:AMD) has certain strengths compared to Nvidia, such as expanded HBM capacity in the MI355X and a more flexible approach with its ROCm software. Despite this, the analyst believes that Nvidia continues to dominate the market and creates a competitive challenge.
Looking ahead, Danely expects AMD to gain momentum in the second half of 2025. He notes that a recovery in the high-margin Xilinx segment could boost overall profitability, while the MI355X and MI400 launches may strengthen its presence in key AI business.
While a one-time charge linked to export controls has prompted him to adjust his earnings forecast, the analyst raised the price target to reflect improving sentiment in the sector.
In addition, Bank of America analyst Vivek Arya recently pointed to similar trends for AMD following conversations with the company’s management. He observed that AMD is experiencing solid sell-through momentum in the second quarter, supported by the launch of higher average selling price (ASP) products. Arya also noted the potential for typical seasonal strength in the second half of the year.
On another note, the stock also recently found support after the company revealed its New Ryzen Xbox Gaming Chips that will be featured in Microsoft’s upcoming ROG Xbox Ally handheld devices.
Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.
9. Micron Technology Inc. (NASDAQ:MU)
Number of Billionaire Investors: 18
Billionaire Holdings: $1.0 Billion
Number of Hedge Fund Holders: 96
Micron Technology Inc. (NASDAQ:MU) is one of the 10 best tech stocks to buy according to billionaires right now. On June 9, Citi analyst Christopher Danely reaffirmed his Buy rating on Micron and raised the stock’s price target to $130 from the previous $110.
Danely’s outlook is driven by expectations of stronger DRAM pricing, which he believes will surpass initial projections. He now anticipates a quarterly price increase of at least 5%, well above the earlier forecast of 2%. This upward trend in pricing is expected to support Micron’s revenue and earnings growth over the coming quarters.
In response to these improving market conditions, Danely has revised his financial estimates for the company and now projects stronger sales and higher EPS for fiscal years 2025 and 2026. These higher estimates have resulted in an increase in price target.
Although tariff-related developments have subsided, geopolitical tensions remain high. On June 9, Reuters reported that Chinese memory chipmaker Yangtze Memory Technologies (YMTC) filed a lawsuit in Washington, accusing Micron Technology Inc. (NASDAQ:MU) of orchestrating a disinformation campaign. The lawsuit claims Micron falsely portrayed YMTC’s chips as containing spyware and posing a national security threat.
Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and markets memory and storage products, including dynamic random-access memory (DRAM), flash memory (NAND), solid-state drives (SSDs), and High Bandwidth Memory (HBM) globally.
