On April 4, Wedbush analyst Dan Ives appeared on CNBC to discuss the potential impact of current tariffs and compared the situation to an economic armageddon. If the current tariffs remain in place, Ives thinks it would lead to a 15% to 20% demand reduction across the board. He thinks that investor anxiety is much higher considering how things were in the March 2020 COVID-19 crash earlier. The analyst thinks that investors should now focus on the likelihood of tariff adjustments from comments about negotiations, the impact on consumer-focused companies, and the potential for demand destruction. He even thinks that companies may refuse to provide guidance in the first-quarter earnings calls due to the persistent tariff uncertainty.
Ives thinks that a lot of tech companies will not be able to absorb high tariff increases and rather this cost will be passed on to the consumers which will lead to significant margin erosion and even potential sales declines. He indicated that tech stocks are currently pricing in a 10% to 15% cut to numbers. He suggests that investors should now look at companies with strong long-term potential as he believes earnings may normalize in 2025 and 2026. The analyst also addressed the defensive performance of defense contractors. While acknowledging the relative stability here, Ives cautioned that even these even such sectors are not immune to tariffs. He noted the significant foreign component, specifically 40% to 50% in some instances, in hardware and other sectors.
The current tariff-induced uncertainty positions the market for near-term demand destruction. However, as Dan Ives maintains a bullish long-term potential on tech for companies with strong fundamentals, we’re here with a list of the 13 best NASDAQ stocks to buy so far in 2025.
A successful investor reviewing the NASDAQ-100 Index® portfolio on a touchscreen monitor.
Our Methodology
We sifted through the financial media reports to compile a list of the top NASDAQ stocks to buy for 2025. We then selected the 13 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey’s database which tracks the moves of over 900 elite money managers.
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).
13 Best NASDAQ Stocks to Buy So Far in 2025
13. Advanced Micro Devices Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 96
Advanced Micro Devices Inc. (NASDAQ:AMD) is a semiconductor company that operates through four segments. These are the Data Center, Client, Gaming, and Embedded segments. It offers AI accelerators, x86 microprocessors, and GPUs as both standalone devices and also incorporated into accelerated processing units, chipsets, and data center applications.
On March 27, Jefferies analyst Blayne Curtis downgraded the company’s stock rating from Buy to Hold with a price target that was revised from $135 to $120. Curtis’s sentiment came from the company’s slower-than-anticipated AI market progress, despite having expanded its market share in the PC and server sectors. This raises doubts regarding Advanced Micro Devices Inc.’s (NASDAQ:AMD) projected AI revenue for 2026 and 2027.
However, in 2024, the company’s data center segment made up about 50% of the total revenue. This came after an improvement of 69% year-over-year in the segment’s revenue alone, which accounted for $3.9 billion. The data center AI business was able to make $5 billion in 2024 revenue. This growth was led by strong EPYC processer adoption, especially at major hyperscale cloud providers, where the company holds about 50% market share. The company is now preparing to launch its MI400 series in 2026.
12. Booking Holdings Inc. (NASDAQ:BKNG)
Number of Hedge Fund Holders: 99
Booking Holdings Inc. (NASDAQ:BKNG) provides online and traditional travel and restaurant reservations and related services internationally. It primarily operates Booking.com and Priceline. It offers travel-related insurance products and restaurant management services to consumers, travel service providers, and restaurants, along with advertising services.
The company has a focus on its connected vision trip which is a unified platform with all travel-related services that help create a seamless, end-to-end travel experience for consumers by using GenAI. The connected trip transactions grew by over 45% year-over-year in Q4 2024. This was a high single-digit percentage of the company’s total transactions. Flights are significant for these connected trips, with travelers booking almost 50 million airline tickets across the platform in Q4. This was up by 38%.
The company’s Accommodation segment remains its primary business, with room night growth of 13% year-over-year in Q4. For the full year, this rise was 9%. Alternative accommodations, which refer to lodging options other than traditional hotels, also grew room night by 19% in the last quarter of 2024. The Genius Royalty program at Booking Holdings Inc. (NASDAQ:BKNG) is expected to further improve these numbers.
Wedgewood Partners stated the following regarding Booking Holdings Inc. (NASDAQ:BKNG) in its Q2 2024 investor letter:
“Booking Holdings Inc. (NASDAQ:BKNG) contributed to performance as travel spending across the U.S. and Europe remains quite healthy, whereas the Company took share in alternative accommodations, and looks set to expand margins after a few years of reinvestment. The Company has also been aggressively reducing its share count at reasonably attractive valuation multiples. Booking should be able to compound earnings at an attractive, double-digit rate for the next few years given these various initiatives.”
11. Marvell Technology Inc. (NASDAQ:MRVL)
Number of Hedge Fund Holders: 105
Marvell Technology Inc. (NASDAQ:MRVL) provides data infrastructure semiconductor solutions, that range from the data center core to the network edge. It develops and scales SoC architectures, and integrates analog, mixed-signal, and digital signal processing functionality. Its portfolio includes products like ethernet solutions, single or multiple-core processors, and custom application-specific integrated circuits.
On March 17, Harlan Sur from JP Morgan reaffirmed a Buy rating on the company with a $130 price target due to its strong AI/cloud segment performance. The company’s collaboration with AWS further strengthened this market position. This will provide AWS with customized, high-performance chips (ASICs) for next-gen XPUs that are crucial for cloud computing.
The company is actively investing in technologies like 1.6T PAM DSPs and 2-nanometer silicon IP, which are needed by next-gen data center interconnects for AI and cloud computing. The company’s data center segment improved by 78% year-over-year in FQ4 2025. For the full fiscal year 2025, this revenue surged by 88%, with the company exceeding its $1.5 billion AI revenue target. Marvell Technology Inc. (NASDAQ:MRVL) now aims to make over $2.5 billion in the full fiscal year 2026.
10. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders: 117
Adobe Inc. (NASDAQ:ADBE) is a tech company that operates through 3 segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment helps create, publish, and promote content. The Digital Experience segment helps create, manage, and monetize customer experiences from analytics to commerce. The Publishing and Advertising segment offers e-learning solutions and Adobe Advertising offerings.
The company’s family of GenAI models is referred to as Firefly and it’s integrated across the company’s platforms for performing tasks like making videos from text prompts or just creating simple images. In FQ1 2025, the users generated more than 20 billion assets using Firefly. The Firefly application is also seeing strong user engagement with around 90% of pain users using it for video generation purposes. The company has since introduced several Firefly subscription plans (Standard, Pro, and Premium) to monetize this demand.
Adobe Inc.’s (NASDAQ:ADBE) AI-powered creative tools are rapidly being adopted, with Photoshop GenAI monthly users being around 35% while Lightroom GenAI users being at 30% in the company’s overall Creative Cloud segment. The company is now focused on making Firefly a unified platform for creative production. The enterprise adoption of Firefly services and Custom Models is also improving.
Polen Focus Growth Strategy stated the following regarding Adobe Inc. (NASDAQ:ADBE) in its Q3 2024 investor letter:
“We added to several existing positions in the quarter including Adobe Inc. (NASDAQ:ADBE), Workday, Shopify, MSCI, and Paycom Software. We feel Adobe is poised for re-accelerating revenue and earnings growth partially due to the monetization of its Firefly GenAI product embedded in its creative software.”
9. Tesla Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 126
Tesla Inc. (NASDAQ:TSLA) designs, manufactures, and sells EVs, along with energy generation and storage systems internationally. It operates in two segments, Automotive; and Energy Generation & Storage. The Automotive segment offers EVs, automotive regulatory credits, and vehicle insurance services. The other segment engages with solar energy generation and energy storage products.
RBC Capital Markets global autos analyst Tom Narayan recently lowered the company’s price target from $440 to $320. Narayan’s adjustment was a result of the increased competition in the FSD market. The analyst also revised his pricing forecast for Tesla Inc.’s (NASDAQ:TSLA) FSD and lowered it from $100 to $50 per month because he anticipates that autonomous driving technology could soon become standard and widely available.
However, the company’s autonomous driving and AI-related initiatives, such as the Optimus robot program, could potentially make up 90% of its total valuation. Optimus, in particular, is expected to bring over $10 trillion to the company in the long run. The company is designing all components for Optimus from scratch, to use it internally at its facilities in 2025. This means building around 10,000 units in a year. It’s also important to note that Tesla Inc. (NASDAQ:TSLA) anticipates Optimus training needs to be ten times greater than autonomous vehicles.
JDP Capital Management is positive on Tesla Inc. (NASDAQ:TSLA) due to the potential of its FSD and Optimus technologies. It stated the following regarding the company in its Q4 2024 investor letter:
“Tesla, Inc. (NASDAQ:TSLA) is new core position that I wrote about in 2024 Half Year Letter. The stock was up 115% in 2024. We benefited from the June 2024 timing of our purchase, buying after the stock had declined about 30% in the first part of the year.
We repurchased TSLA at a time when the market had [again] become overly bearish based on slowing vehicle orders despite the company having just achieved a breakthrough in Full Self Driving (FSD v12). If you haven’t had a chance to experience the most recent Full Self Driving software (FSD 13.3) I suggest you try it for yourself. If you’ve had a Tesla for a while, you know that the trajectory of FSD improvement has been nothing less than astounding.
It has become clearer to me that Tesla’s leadership position in the infrastructure layer underpinning mega-trends in robotics, smart vehicles and battery storage will unlock earnings growth that we can ride for years. Similar to AWS or the iPhone, Full-Self-Driving and Optimus will enable new business models to be built across a wide range of industries over time…” (Click here to read the full text)
8. Netflix Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 144
Netflix Inc. (NASDAQ:NFLX) provides entertainment services by offering television series, documentaries, feature films, and games across a range of genres and languages. It offers its members the ability to receive streaming content through devices like TVs, digital video players, TV set-top boxes, and mobile devices.
The company added 19 million subscribers in the last quarter of 2024. This was fueled by major events as well as content, but a majority of these subscribers came due to a diverse content library. This division focuses on original series, films, games, and live sports. Live sports, like the NFL games, alone gathered around 30 to 31 million viewers, while WWE Raw drew 5 million views in just its first week. Games like “Squid Game: Unleashed” are also becoming top downloads for the company.
The company’s ad revenue is growing and is expected to double in 2025 after doubling last year as well. Ad-supported plans make up 55% of its total signups in the ad-supported regions. Netflix Inc. (NASDAQ:NFLX) is actively investing in its ad tech and games to improve growth, which has fueled higher game downloads already.
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.”
7. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders: 161
Broadcom Inc. (NASDAQ:AVGO) is a semiconductor devices and infrastructure software company. It focuses on complex digital and mixed signal complementary metal oxide semiconductor-based devices and analog III-V-based products. Its segments include Semiconductor Solutions and Infrastructure Software. Its offerings range from optical & copper physical layer devices, to set-top box SoCs, and Bluetooth to camera microcontrollers.
The company’s revenue for its Semiconductor Solutions rose by 11% year-over-year in FQ1 2025 mainly due to its AI revenue in particular, which alone rose by 77%. In FQ2, this AI revenue is expected to surge by 44% due to hyperscale customers that heavily invest in next-gen AI models. By FY27, 3 of these customers will potentially create a SAM of $60-$90 billion. Such clients also help the company develop systems to support massive AI clusters that range from 500,000 to 1,000,000 AI accelerators.
On March 7, Piper Sandler reaffirmed its Overweight rating on Broadcom Inc. (NASDAQ:AVGO) with a $250 price target due to its strong AI performance. Notably, the company is developing the industry’s first 2-nanometer AI XPU. Beyond its current 3 hyperscale customers, the company is engaged with 4 additional customers to develop custom accelerators for training next-gen frontier models.
Renaissance Large Cap Growth Strategy stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its Q4 2024 investor letter:
“Broadcom Inc. (NASDAQ:AVGO) was another large contributor in the quarter after reporting solid operating results. The company presented an optimistic outlook, driven by its dominant position in artificial intelligence application-specific chipsets. In addition, the company should continue to benefit from its leading position in several end markets including data centers and cloud infrastructure, which have favorable secular growth trends. Broadcom is also seeing margin expansion and improved visibility, as the mix of software revenues increases, following the acquisition of VMWare.”
6. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders: 166
Apple Inc. (NASDAQ:AAPL) designs and manufactures smart devices. It offers smartphones under the iPhone line, personal computers under the Mac line, and multi-purpose tablets, under the iPad line. It also offers other accessories and wearables, like the AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also offers AppleCare support and cloud services.
Erik Woodring from Morgan Stanley lowered his iPhone shipment estimates for 2025-2026 by 1% to 5% because of delayed releases at the company. This is because of quality issues and malfunction rates that exceed 80%. Since June 2024, many features planned for release in April with iOS 18.4 2025 have been postponed. The company now aims to fix these issues by 2026, but the investors are already concerned about the competitiveness of its AI development.
Woodring has also reduced his price target on Apple Inc. (NASDAQ:AAPL) from $275 to $252 due to the lack of an AI-driven iPhone upgrade cycle. The company is generally best known for its iPhone product cycle, with 52% of its revenue coming from this product line. The company has over 2.2 billion devices on sale and the next target is now to integrate AI for strengthening these service offerings.
Columbia Seligman Global Technology Fund is optimistic about the company due to iPhone 17’s AI potential. It stated the following regarding Apple Inc. (NASDAQ:AAPL) in its Q4 2024 investor letter:
“The fund maintained a position in Apple Inc. (NASDAQ:AAPL) throughout the quarter through the release of the company’s new iPhone 16 in September. Company leaders were excited about the release of the new model, as this is the first model that will feature enhanced AI capabilities through the Apple Intelligence features. Sales for the first few weeks in October and November trailed behind year over year sales from the iPhone 15, as availability of Apple Intelligence was not compatible with all iPhone models. Apple announced a partnership with OpenAI that has allowed the integration of ChatGPT into the Apple ecosystem, separate from the core Apple Intelligence features. This partnership highlights continued progress from Apple to introduce AI capabilities into its products and we expect the iPhone 17 to have even more expansive AI capabilities, increasing potential demand for the new model that is on track to be released in 2025.”
5. NVIDIA Corp. (NASDAQ:NVDA)
Number of Hedge Fund Holders: 223
NVIDIA Corp. (NASDAQ:NVDA) is a computing infrastructure company. The company’s Compute & Networking segment primarily includes Data Center computing platforms and end-to-end networking platforms. The main offerings in its Graphics segment encompass the GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service, and related infrastructures.
The company’s Data Center segment is foundational to its growth and grew by 93% year-over-year in FQ4 2025, while it doubled year-over-year for the full fiscal year 2025. This growth was driven by the rapidly increasing demand for AI infrastructure. 50% of the company’s total revenue comes from major cloud providers. However, these providers are currently looking for more cost-effective alternatives and trying to reduce their reliance on NVIDIA Corp. (NASDAQ:NVDA) after seeing developments like that of DeepSeek. For this reason, the company’s FQ1 2026 revenue growth guidance is also 9.4% sequentially, which is lower than the previous 12% figure.
At the same time, new US AI Diffusion Rules have also been introduced. These rules aim to control the global distribution of advanced AI chips and other technologies so that the spread of powerful AI can be regulated. However, Bank of America still reaffirmed its Buy rating on the company with a $200 price target of March 28. This is because Large CSPs like Azure, GCP, AWS, and OCI are using the company’s Blackwell systems to meet their growing infrastructure demands.
Guinness Global Innovators is highly bullish on NVIDIA Corp. (NASDAQ:NVDA) due to its dominant AI chip market position. It stated the following in its Q4 2024 investor letter:
“For a second year running, NVIDIA Corporation (NASDAQ:NVDA) was the Fund’s top performing stock, delivering a stellar return of +177.7% over the year. Since the beginning of last year, Nvidia’s ‘Hopper’ GPUs have been at the centre of exploding demand for chips powerful and efficient enough to facilitate the energy intensive requirements of AI processes within datacentres. Initially possessing over 95% of market share in these types of chips, Nvidia have been quick to entrench their position as the technological leader in the space, launching the successor to the current ‘Hopper’ GPU in March, Blackwell, inhibiting the likes of AMD and Intel making meaningful inroads in taking share of the fast-growing market. Compared to the previous iteration (Hopper) which is continuing to fuel Nvidia’s extreme revenue growth, the Blackwell chip is twice as powerful for training AI models and has 5 times the capability when it comes to “inference” (the speed at which AI models respond to queries). Throughout the year, Nvidia’s financial performance has remained resilient. Quarterly revenues hit $35.1 billion in their most recent quarter, beating consensus expectations by 6% and representing a +94% year-over-year increase. Additionally, Nvidia’s data centre segment, driven by the Hopper (H100) chip, grew fivefold over the past year, underscoring the sustained demand for advanced AI infrastructure. The H100 chip, priced at around $40,000, continues to see significant adoption due to its ability to enhance AI model training efficiency while lowering overall costs. This growth is expected to continue as companies invest in upgrading existing data centres and building new ones, with Nvidia well-positioned to capture a significant share of the estimated $2 trillion market opportunity over the next five years. There have been some concerns over Blackwell production delays causing share price volatility however, Nvidia has recovered swiftly, driven by positive earnings results through the year and assurances from management regarding future supply. Additionally, the release of the H200 chip promises to extend Nvidia’s technological leadership, ensuring continued momentum into 2025. While Nvidia’s valuation remains a topic of debate, the stock is not at a significant premium to history, and it still appears reasonable given its dominant market position, innovative prowess, and exposure to long-term secular growth trends in AI, cloud computing, and data infrastructure. As a result, Nvidia remains well-positioned to deliver sustained outperformance over the long term, making it a cornerstone of growth-oriented portfolios.”
4. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders: 234
Alphabet Inc. (NASDAQ:GOOGL) is a tech company that operates through three segments. The Google Services segment provides products and services like ads, Chrome, Gmail, and YouTube. The Google Cloud segment offers AI infrastructure, Vertex AI platform, cybersecurity, and data & analytics, among others. The Other Bets segment sells healthcare-related and internet services.
On March 31, Ken Gawrelski, an analyst at Wells Fargo, reaffirmed an Equal Weight rating on the company while lowering the price target to $167 from $184. This cautious sentiment is a result of the company’s current trough multiples and bearish investor sentiment. This is because they believe that Google’s search business is put at risk by new AI-related technologies.
However, the increasing demand for AI infrastructure and GenAI solutions has improved the adoption of GCP (Google Cloud Platform). GCP recently outpaced the entire cloud market. The company’s overall Cloud segment rose by 30$ year-over-year in Q4 2024. Notably, the company’s 6th-gen TPU called Trillium enhances AI workload significantly. Alphabet Inc.’s (NASDAQ:GOOGL) AI-developed platform called Vertex AI increased its customers by fivefold in Q4.
Oakmark Equity and Income Fund stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its Q4 2024 investor letter:
“Alphabet Inc. (NASDAQ:GOOGL) was the top contributor during the quarter. Despite ongoing litigation with the Department of Justice in its antitrust case, the U.S.-headquartered interactive media and services company’s stock price rose after posting solid third-quarter earnings. In the Search division, the company generated low-teens year-over-year revenue growth and management highlighted that they’re seeing strong user engagement with their new AI Overviews feature. The biggest upside surprise came from the Cloud division, where revenue growth accelerated to 35% and margins reached a record of 17%. This performance was driven by client demand for AI Infrastructure and Generative AI Solutions as well as core Google Cloud Platform (GCP) products. We continue to believe Alphabet is a collection of great businesses that can unlock further value over the long term through its world-class AI capabilities.”
3. Meta Platforms Inc. (NASDAQ:META)
Number of Hedge Fund Holders: 262
Meta Platforms Inc. (NASDAQ:META) enables people to connect and share with friends and family through mobile devices, personal computers, AR/VR, and wearables worldwide. It operates through two segments. The FoA (Family of Apps) segment offers Facebook, Instagram, and WhatsApp among other popular apps. The RL (Reality Labs) segment provides VR, AR, and mixed reality-related products.
On April 2, Deepak Mathivanan at Cantor Fitzgerald reiterated an Overweight rating on the company with a $790 price target. The analyst believes that the company’s advanced AI capabilities are reflected in its upcoming AI models and computing infrastructure and are the primary driver of its growth. As AI agents become rampant and revolutionize the way consumers interact in the next few years, Meta Platforms Inc. (NASDAQ:META) will become a dominant force in the AI space.
Over 3.3 billion people use at least one Meta Platforms Inc.’s (NASDAQ:META) apps daily. This is why in Q4 2024, the revenue for the company’s FoA rose by 21% year-over-year. Ad revenue alone rose by 21%, and it uses AI to enhance ad ranking and targeting through Advantage+ for better monetization. The company is also integrating its AI assistant across FoA. It’s called Meta AI and reached over 700 million monthly active users.
Nightview Capital highlighted the company’s strong growth potential, due to its AI leadership with Llama model, advertising ecosystem, and AR capabilities. It 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 Corp. (NASDAQ:MSFT)
Number of Hedge Fund Holders: 317
Microsoft Corp. (NASDAQ:MSFT) develops and supports software, services, devices, and solutions. One of its main businesses is its Productivity and Business Processes segment. It offers Office, Exchange, SharePoint, Microsoft Teams, office 365 Security & Compliance, Microsoft Viva, and Microsoft 365 Copilot. Its products are sold through OEMs, distributors, and resellers.
On March 31, Jefferies analyst Brent Thill reaffirmed a Buy rating on the company but lowered the price target from $550 to $500. While this sentiment came from software sector adjustments in general, the firm is confident in the company’s ability to capitalize on the expanding AI sector. Brent Thill believes that the company’s integration of AI into Azure and Microsoft 365 Commercial Cloud will significantly help its growth.
Microsoft Corp.’s (NASDAQ:MSFT) AI platform helps it accelerate the development of advanced AI models and is called the Azure AI Foundry. It gained over 200,000 monthly active users within just 2 months of its launch. Similarly, the company also offers Copilot Studi0 which creates personalized AI agents. It helped 160,000 organizations create 400,000 agents in 3 months.
Columbia Seligman Global Technology Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q4 2024 investor letter, believing that Oracle is positioned to capitalize on the AI-driven cloud demand:
“Within software, the fund maintained an underweight position to Microsoft Corporation (NASDAQ:MSFT), which proved beneficial as share price for the company fell during the fourth quarter. Microsoft’s outlook for its Azure business came down slightly, which hampered the stock price at times during the quarter and, combined with losses on the Open AI business, led to a disappointing end to 2024. The company has guided its capital expenditure spending up slightly and investors continue to wait for additional monetization from the company’s large commitment to AI infrastructure spending. The fund continued to hold an overweight allocation to Oracle as we believe Oracle is positioned to be a major beneficiary of the AI rollout and has the potential to compete with other large cloud providers, such as Amazon, Alphabet and Microsoft. Oracle shares moved lower during the quarter and the stock suffered its worst day of the year in December, as the company narrowly underperformed analysts’ average estimates. Oracle’s business model remains strong as demand for computer power that can handle AI is increasing and the company’s revenues from its cloud infrastructure unit moved higher year over year.”
1. Amazon.com Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders: 339
Amazon.com Inc. (NASDAQ:AMZN) retails consumer products and also engages in advertising, and subscriptions service through online and physical stores internationally. The company operates through three segments, which include North America, International, and Amazon Web Services (AWS). It also has its membership program under the name of Amazon Prime.
As March concluded, the company unveiled its new AI model under the name of Nova Act. This is Amazon.com’s Inc. (NASDAQ:AMZN) software development kit that takes actions in a web browser on the user’s behalf. This is done to automate tasks like filling forms, extracting data, or performing other similar multi-step tasks without the constant need for human intervention. As many companies advance their AI capabilities, Nova Act also helps Amazon.com Inc. (NASDAQ:AMZN) become an AI leader.
Citi recently recommended buying Amazon.com Inc. (NASDAQ:AMZN) on weakness as the firm believes in the company’s potential to benefit from its TikTok takeover bid. The firm maintained its Buy rating on the company with a $270 price target. While certain involved parties are not taking this seriously, Citi believes this bid to be a big win for the company’s ads and sales. TikTok’s over 170 million monthly active users in America could increase Amazon.com Inc.’s (NASDAQ:AMZN) ad business.
Harding Loevner Global Developed Markets Equity Strategy stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q4 2024 investor letter:
“During the quarter, we benefited from strong stocks within the Communication Services and Consumer Discretionary sectors. In Consumer Discretionary, Amazon.com, Inc. (NASDAQ:AMZN) reported strong third-quarter results. Revenue increased by double digits, led by growth in advertising and Al products, while the company’s operating margins also hit an all-time high of 11%. The key reasons for the higher margins were that its international e-commerce operations turned profitable, and there was faster growth in its high-margin cloud-computing business.”
As we acknowledge the growth potential of Amazon.com Inc. (NASDAQ:AMZN), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. 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 the 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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