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.
8. Lam Research Corp. (NASDAQ:LRCX)
Number of Billionaire Investors: 20
Billionaire Holdings: $3.5 Billion
Number of Hedge Fund Holders: 91
Lam Research Corp. (NASDAQ:LRCX) is one of the 10 best tech stocks to buy according to billionaires right now. In a recent update dated June 9, BofA Securities analyst Vivek Arya reiterated his Buy rating on Lam Research and raised the stock’s price target to $100 (up from $90), driven by a more constructive outlook on NAND, as well as continued strength in advanced DRAM markets, including DDR5 and HBM.
Following discussions with Lam Research’s management during the 2025 Bank of America Global Technology Conference, Arya highlighted positive signals not only from Lam but also from KLA Corp and Applied Materials. All three companies pointed to sustained momentum in leading-edge foundry/logic and advanced DRAM wafer fab equipment (WFE) demand this year. According to Arya, this strength is playing a key role in balancing out ongoing softness in China and in spending on trailing-edge nodes. This, in turn, is helping the sector stay on track for mid-single-digit year-over-year growth in calendar 2025.
At the conference, the company projected the wafer fab equipment market to grow by mid-single-digit to around $100 billion, from around $90 billion last year. Lam Research is positioning itself to secure a substantial share of this growth, particularly in etch and deposition, where investment is projected to rise from the low to high 30% range.
Lam Research Corp.’s (NASDAQ:LRCX) management also commented on early-stage NAND upgrade activity taking place across multiple customers, framing it as part of a broader, long-term $40 billion market opportunity. Importantly, despite recent concerns surrounding regulatory developments, Arya noted that all major vendors view China as effectively “de-risked” for 2025, with sales contribution expected to stabilize in the 25%–30% range.
Lam Research Corp. (NASDAQ:LRCX) is a leading semiconductor equipment manufacturer that provides wafer fabrication equipment and services to the semiconductor industry. The company’s innovative systems for wafer etching and deposition are essential for the advanced nodes of semiconductor technology, enabling the creation of smaller and more efficient integrated circuits.
7. Apple Inc. (NASDAQ:AAPL)
Number of Billionaire Investors: 21
Billionaire Holdings: $101.7 Billion
Number of Hedge Fund Holders: 159
Apple Inc. (NASDAQ:AAPL) is one of the 10 best tech stocks to buy according to billionaires right now. On June 10, following Apple’s keynote at the 2025 Worldwide Developers Conference (WWDC), Wedbush analyst Daniel Ives reaffirmed his Outperform rating on the stock, along with a $270 price target.
In his post-event note, Ives noted that while the presentation outlined Apple’s vision for the developer ecosystem, it offered limited new detail on the company’s artificial intelligence initiatives, an area where Apple appears to be moving cautiously, likely in response to last year’s strategic missteps.
Notably, at the WWDC 2024, the company had given an ambitious roadmap to its Apple Intelligence and a transformation for smart AI assistant, Siri. However, the execution over these plans has lagged and the company’s AI strategy has been under scrutiny.
Fast forwarding to now, Ives believes Apple’s measured approach is understandable, but 2025 could be a critical year for the company to begin monetizing its AI efforts more visibly. He suggested that if internal development does not accelerate, the company may need to explore larger-scale AI acquisitions to strengthen its positioning in the space.
Although Apple may be seen as entering the AI race later than peers, Ives acknowledged that the company has begun laying the groundwork for a longer-term strategy. In his view, WWDC marked the start of Apple’s multi-year AI roadmap, with initial steps that could shape its direction through 2026 and beyond.
Apple Inc. (NASDAQ:AAPL) designs, manufactures, and markets innovative products, including the iPhone, iPad, Mac computers, Apple Watch, and Apple TV. The company also offers a range of software and services, such as the iOS and macOS operating systems, iCloud, advertising, payment services, Apple Music, and the App Store.
6. Tesla Inc. (NASDAQ:TSLA)
Number of Billionaire Investors: 21
Billionaire Holdings: $8.1 Billion
Number of Hedge Fund Holders: 104
Tesla Inc. (NASDAQ:TSLA) is one of the 10 best tech stocks to buy according to billionaires right now. On June 9, Ben Kallo of Robert W. Baird downgraded Tesla from Buy to Hold mainly on valuation concerns, while keeping his price target unchanged at $320.
In his view, much of the recent upside in the stock, up over 20% since Q1 earnings, has already factored in the excitement around Tesla’s planned robotaxi service and the prospect of a lower-cost electric vehicle.
Kallo cited two key areas of concern behind the downgrade. First, he flagged elevated market expectations ahead of Tesla’s upcoming robotaxi event, which he believes could be difficult to meet. Second, he raised questions around “key-man” risk, pointing to ongoing uncertainty tied to CEO Elon Musk’s central role in the company’s strategic direction.
While Musk has resigned from the Department of Government Efficiency (DOGE), it may still take time for him to recoup investor confidence.
While Kallo still considers Tesla a core long-term holding, he expressed skepticism about the near-term ramp-up of the robotaxi program, describing current projections as potentially too ambitious. He also noted that Elon Musk’s political affiliations, particularly his perceived alignment with former President Trump, could introduce additional headline and regulatory risk moving forward.
Tesla Inc. (NASDAQ:TSLA) is an EV manufacturer and clean energy company known for its innovative approach to sustainable transportation and energy solutions. It designs, manufactures, and sells electric vehicles, battery energy storage systems, solar products, and related services. It currently manufactures five different consumer vehicles: the Model 3, Y, S, X, and the Cybertruck.
5. Salesforce Inc. (NYSE:CRM)
Number of Billionaire Investors: 23
Billionaire Holdings: $9.0 Billion
Number of Hedge Fund Holders: 140
Salesforce Inc. (NYSE:CRM) is one of the 10 best tech stocks to buy according to billionaires right now. On June 9, an analyst at Oppenheimer reiterated his Outperform rating on the stock and maintained a $370 price target.
In this latest note, the analyst pointed to a positive tone from the company management in their recent meeting, particularly around product demand, AI platform capabilities, and early-stage pipeline momentum. Within the AI platforms, he was specifically upbeat about traction in Agentforce and Data Cloud.
However, despite the constructive messaging, the analyst acknowledged that short-term catalysts appear limited. The recent announcement of a potential deal with Informatica Inc. (NYSE:INFA) is also weighing on sentiment for now.
The company’s historical track record in integration of acquired companies is not particularly strong, and thus the market is still cautious on the long-term synergies of this acquisition.
That said, the Oppenheimer analyst maintains a longer-term positive view, citing Salesforce’s strong position in the evolving AI landscape. The firm believes Salesforce is well placed to serve as a primary data layer and system-of-records provider in enterprise AI adoption.
In the first week of June, an analyst from Cantor Fitzgerald also initiated coverage on Salesforce with an Overweight rating and a price target of $325. He cited the company as one of the highest-quality businesses within their coverage.
Salesforce Inc. (NYSE:CRM) is a cloud-based software company specializing in customer relationship management (CRM) solutions. The company offers a comprehensive suite of cloud-based applications for sales, service, marketing, and analytics, enabling businesses to connect with their customers more meaningfully. Its platform is designed to help organizations streamline their operations, enhance customer engagement, and drive growth through data-driven insights.
4. Netflix Inc. (NASDAQ:NFLX)
Number of Billionaire Investors: 25
Billionaire Holdings: $12.7 Billion
Number of Hedge Fund Holders: 150
Netflix Inc. (NASDAQ:NFLX) is one of the 10 best tech stocks to buy according to billionaires right now. On Tuesday, June 10, media portal ‘Deadline Hollywood’ reported that Netflix’s Co-CEO Ted Sarandos has committed to invest around $1.0 billion on content creation in Spain by 2029. Sarandos, speaking at Netflix’s Tres Cantos Madrid hub, highlighted the strong contribution from Spanish content which has generated over 5 billion hours of viewing on Netflix over the last decade. The company had announced similar plans ($1 billion spend over four years) for Mexico in February.
While this news is positive for Netflix, on June 9, DBS analyst Sachin Mittal also reiterated a Buy rating on it and raised his target price from $1,195 to $1,416. His revised forecast is based on stronger-than-expected financial and subscriber performance during the latest quarter.
According to Mittal, Netflix delivered solid results, with both operating profit and normalized earnings coming in above market expectations. This financial outperformance was supported by better-than-expected subscriber growth as well as ongoing shifts in viewing habits from linear TV to streaming.
While the analyst highlights slowing growth in the mature markets as a risk, he also highlighted several strategic initiatives that are likely to support future revenue growth. These include the rollout of ad-supported plans, ongoing efforts to reduce password sharing and selective price increases.
Netflix Inc. (NASDAQ:NFLX) is a leading global streaming platform, offering a vast selection of movies, TV shows, and games with unlimited access on internet-connected devices. With a subscriber base exceeding 300 million across more than 190 countries, Netflix continues to shape the entertainment industry through constant innovation in content and user experience.
3. Broadcom Inc. (NASDAQ:AVGO)
Number of Billionaire Investors: 26
Billionaire Holdings: $14.5 Billion
Number of Hedge Fund Holders: 158
Broadcom Inc. (NASDAQ:AVGO) is one of the 10 best tech stocks to buy according to billionaires right now. On June 9, a Citi analyst raised his price target on Broadcom from $276 to $285 while maintaining a Buy rating. This revision follows Broadcom’s second-quarter results, which showed continued strength in AI-related revenue, although overall performance was mixed, as per the analyst, due to some pressure on margins.
Broadcom continues to benefit from growing demand in the artificial intelligence space, which remains a key driver of topline performance. The company reported Q2 FY 2025 revenue of $15.0 billion, up 20% year-over-year supported by strong AI semiconductor sales and contributions from VMware. Adjusted EBITDA rose 35% year-over-year to $10.0 billion, implying an EBITDA margin of 67%.
AI-related revenue reached $4.4 billion in Q2, growing 46% year-over-year, driven primarily by demand for AI networking solutions. Management expects this momentum to carry into Q3, with AI semiconductor revenue projected to reach $5.1 billion. This growth is supported by continued investment by hyperscale customers.
Looking ahead, Broadcom guided for Q3 FY25 revenue of approximately $15.8 billion and an adjusted EBITDA margin of at least 66% of revenue, which is slightly below versus Q2.
However, the company’s margin outlook raised some concerns. According to the analyst, an increased contribution of semiconductor sales in total sales has put pressure on profitability. In response, management has adjusted its guidance, which indicates a slightly lower margin in the near term.
Broadcom Inc. (NASDAQ:AVGO) is a global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions. The company’s products play a crucial role in enterprise and data center networking, broadband access, storage systems, smartphones, and wireless communications. Broadcom’s extensive portfolio includes solutions for data center networking, storage, and security, making it a key player in the data center ecosystem.
2. Alphabet Inc. (NASDAQ:GOOGL)
Number of Billionaire Investors: 33
Billionaire Holdings: $22.4 Billion
Number of Hedge Fund Holders: 227
Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 best tech stocks to buy according to billionaires right now. On Tuesday, June 10, Reuters reported that OpenAI is partnering with Google Cloud to meet its growing need for computing power, citing three sources familiar with the matter.
As both these companies are seen as competitors in AI space, this collaboration is a bit surprising, especially, since OpenAI’s ChatGPT has long been seen as disruptor for Google’s search business. However, the agreement was finalized in May and brings Google into OpenAI’s expanding network of infrastructure providers as it scales training and deployment of advanced AI models.
Google Cloud aims to position itself as a flexible and neutral platform for handling high-performance computing workloads, responding to growing industry demand for infrastructure. As per Reuters, a key factor in securing this agreement was the company’s decision to open access to its proprietary Tensor Processing Units (TPUs) for external partners.
That said, none of the companies have agreed to comment on Reuters’ queries.
Earlier last week, Wing Aviation LLC, a subsidiary of Alphabet, announced its plan to expand ‘Wing’ drone delivery to an additional 100 Walmart stores across selected markets. The companies have highlighted this as world’s largest drone delivery expansion.
On the announcement, Greg Cathey, SVP, Walmart U.S. Transformation and Innovation, stated:
“As we look ahead, drone delivery will remain a key part of our commitment to redefining retail. We’re pushing the boundaries of convenience to better serve our customers, making shopping faster and easier than ever before.”
Alphabet Inc. (NASDAQ:GOOGL) is the parent company of Google and a pioneer in internet-related services and products, including online advertising technologies, search engines, cloud computing, software, and hardware. The company is also a leading investor in data centers and fiber networks, operating a vast global network of data centers that support its cloud services and other digital offerings.
1. Meta Platforms Inc. (NASDAQ:META)
Number of Billionaire Investors: 36
Billionaire Holdings: $32.5 Billion
Number of Hedge Fund Holders: 273
Meta Platforms Inc. (NASDAQ:META) is one of the 10 best tech stocks to buy according to billionaires right now. On June 8, Bloomberg reported that Meta is in discussions to invest over $10 billion in Scale AI, citing unnamed sources.
Scale AI is a fast-growing startup specializing in data infrastructure for artificial intelligence. Scale AI supports the development of large language models through advanced data labelling services and is already working with Meta on “Defense Llama,” a version of Meta’s open-source Llama model designed for government and defense applications. Bloomberg said that the company also serves major players like Microsoft and OpenAI, and is reportedly on track to more than double its revenue to $2 billion this year (up from $870 million last year).
As per the Bloomberg report, the potential investment, for which terms are still being finalized, would represent Meta’s largest external AI commitment to date. Unlike peers such as Microsoft and Amazon, Meta has largely focused on internal AI development.
A significant investment in Scale would mark a shift for Meta, signaling a broader strategy to accelerate AI capabilities through targeted partnerships. With CEO Mark Zuckerberg committing up to $65 billion in AI investment this year, this potential deal reflects Meta’s increasing urgency to expand its AI footprint beyond its core platforms.
Meta Platforms Inc. (NASDAQ:META) focuses on providing social media platforms and virtual reality services. The company operates platforms such as Facebook, Instagram, WhatsApp, Messenger, and Threads, and also sells wearables like Oculus headsets, aiming to connect people and build communities through its services. It generates nearly all its revenue from selling advertising placements on its family of apps (FoA) to marketers.
While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None.
