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15 Best Non-Tech Stocks to Buy According to Billionaires

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In this article, we will take a look at the 15 Best Non-Tech Stocks to Buy According to Billionaires.

With the European Union and the United States seemingly headed towards a trade agreement akin to the one President Donald Trump reached with Japan, the S&P 500 and Nasdaq closed at record highs on July 23. The White House’s agreement with the European Union would impose a broad 15% tariff on EU goods imported into the US, according to Reuters. The rate, which might also apply to automobiles, would be similar to the framework deal the United States has with Japan.

According to economic data, June’s existing home sales in the US declined more than anticipated. In order to assess the state of the economy in the aftermath of tariff concerns, attention will now turn to the weekly unemployment claims figures for July 24 and S&P Global’s flash PMI data.

The ongoing trade and tariff talks between the United States and China, and a steadily falling rate of inflation, have all influenced investor mood around riskier assets like stocks. That said, although the tech sector has been in the spotlight for a few years now, investors overlooking the non-tech plays may miss out on a number of non-tech stocks that have room to grow.

With that in mind, we will now take a look at some of the best non-tech stocks to buy according to billionaires.

Stocks

Our Methodology

In this article, we analyzed Insider Monkey’s exclusive database of billionaire stock holdings to select the 15 non-tech stocks with the highest number of billionaire investors. These billionaires are founders or managers of some of the world’s leading hedge funds and companies.

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).

15. Chevron Corporation (NYSE:CVX)

Number of Billionaire Investors: 14

Number of Hedge Fund Holders: 81

Chevron Corporation (NYSE:CVX) ranks among the best non-tech stocks to buy according to billionaires. UBS has reaffirmed its Buy rating and $177 price target on Chevron Corporation (NYSE:CVX) following the completion of the Hess deal.

On July 21, Chevron Corporation (NYSE:CVX) announced that it had completed the Hess acquisition with a decision in favor of the Guyana Stabroek Block Arbitration Hearing by the International Chamber of Commerce. According to UBS, the merger boosts Chevron’s projected five-year growth rates for production and free cash flow while improving the company’s growth forecast clarity.

Additionally, UBS believes Chevron’s next major trigger for the stock will be its upcoming Analyst Day on November 12; the briefing is expected to center on its newly acquired Hess assets.

Chevron Corporation (NYSE:CVX), based in San Ramon, California, is a major American global energy company that specializes in the oil and gas industry. Founded as the Standard Oil Company of California, it is the second-largest direct descendant of Standard Oil.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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