In this article, we will take a look at 15 High Growth Companies Hedge Funds Are Buying.
The global economy in 2025 is expected to face modest growth amid ongoing challenges, with projections for US GDP at 2%, the Eurozone at 0.9%, and China at 4.2%. Inflation is likely to remain high because of increasing fiscal spending and potential tariffs, and central banks may have limited room to cut rates, leading to uncertain markets and possible volatility. However, rising productivity driven by AI and other emerging technologies offers long-term promise. The US is expected to benefit the most from these gains, while Europe may lag behind due to slower investment and tech adoption.
According to Deutsche Bank Wealth Management, policy is shifting from monetary to fiscal, with countries like China expected to launch growth initiatives. Equities, particularly American stocks, are favored by investors, supported by profit growth and favorable policy expectations. Bond markets and commodities also offer opportunities, and infrastructure investment is considered a long-term growth area. Similarly, despite the current market uncertainty, BlackRock believes there is reason to stay optimistic about developed market stocks in the next 6 to 12 months. American Treasuries, which used to act as a safety net when stocks dropped, have not offered the same protection lately. In addition, the dollar lost ground in recent selloffs, which is unusual. As a result, some investors are turning to alternatives like gold, which has hit record highs. The rise of AI is also reshaping the market, creating more concentration in a few big tech names. That can strengthen returns, but it also raises risks. Private capital is in demand too, though higher interest rates may weigh on future returns there.
As markets get more unpredictable, many investors are starting to follow hedge funds, hoping they can repeat last year’s strong returns and stay ahead of the curve. In 2024, hedge funds posted remarkable performance, leveraging the volatility and policy shifts in the markets. The average return through November was 10.7%, which is a significant improvement over the 5.7% return for the same period in 2023. This uptick was supported by market turbulence, changes in central bank policies, and the uncertainty surrounding the American presidential election. Notably, some hedge funds saw spectacular gains, such as Light Street Capital’s long/short tech fund skyrocketing 59.4%, while Discovery Capital, a macro-focused fund, posted a 52% return. Bridgewater’s Pure Alpha fund gained 11%, and Marshall Wace, a major British hedge fund, saw impressive returns across several of its funds, including a 14% return in its Eureka fund. Multi-strategy funds like Citadel and Millennium also performed well.
With that outlook in mind, let’s take a look at the top high growth companies that hedge funds are investing in.
A large computer terminal full of complex calculations tracking the company’s cash flow and investment management decisions.
Our Methodology
For this article, we used the Finviz screener and filtered out stocks with 5-year revenue growth of over 20%, verifying this information from additional sources. We picked the 15 stocks with the highest hedge fund sentiment to compile this list, taking data from Insider Monkey’s database of Q4 2024. We ranked the list from least to most hedge fund holders.
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. Carvana Co. (NYSE:CVNA)
Number of Hedge Fund Holders: 84
Average 5-Year Revenue Growth: 39.43%
Carvana Co. (NYSE:CVNA) is an Arizona-based company that facilitates the buying and selling of used cars online. The company handles all parts of the process, from finding and inspecting cars to offering financing, delivering vehicles, and supporting customers after the sale. On April 22, Piper Sandler maintained an Overweight rating on CVNA and raised the price target from $225 to $230. Despite falling inventories and rising prices, Carvana is expected to keep growing if auto credit stays available. Strong Q1 results led to a higher price target and a positive outlook for late 2025 by Piper Sandler.
In 2024, Carvana Co. (NYSE:CVNA) made history by becoming the most profitable public automotive retailer in the United States, based on Adjusted EBITDA margin. The company has been credited with over 10 years and $10 billion in investment for helping build a unique business model focused on both customer experience and strong financial results. In the fourth quarter, Carvana hit a 10.1% adjusted EBITDA margin and a 4.5% net income margin, making it the first year the company posted positive net income in every quarter.
Carvana Co. (NYSE:CVNA)’s Q4 units sold grew 50% year-over-year to 114,379, despite it being a slower season. The company reached new highs in gross profit, operating income, and other financial metrics, and the company plans to expand its vehicle selection and production even further in 2025 to grow beyond its current share of the market, which stands at nearly 1%.
According to Insider Monkey’s fourth quarter database, 84 hedge funds were bullish on Carvana Co. (NYSE:CVNA), compared to 66 funds in the last quarter. CAS Investment Partners was the leading stakeholder of the company, with 6.3 million shares worth $1.3 billion.
14. PDD Holdings Inc. (NASDAQ:PDD)
Number of Hedge Fund Holders: 85
Average 5-Year Revenue Growth: 76.52%
PDD Holdings Inc. (NASDAQ:PDD) is a global e-commerce company that runs platforms like Pinduoduo, selling groceries, clothes, electronics, and home goods, and Temu, which helps merchants streamline their manufacturing and operations. It is one of the best high growth stocks to monitor, with an average 5-year revenue growth of 76.5%.
On March 21, Benchmark analysts assigned a Buy rating to PDD Holdings Inc. (NASDAQ:PDD) with a $160 price target. Analysts noted that Pinduoduo’s core business met expectations, but Temu underperformed due to holiday logistics and fewer promotions. Benchmark views the Q4 dip as strategic, not concerning. With strong finances, the company remains focused on supply chain improvements and merchant support in 2025, with solid domestic growth expected despite Temu’s higher risks.
PDD Holdings Inc. (NASDAQ:PDD)’s revenue rose 24% year-over-year to $15.15 billion in the fourth quarter of 2024, driven by growth in online marketing and transaction services. Operating profit increased 14% to $3.51 billion, while net income rose 18% to $3.76 billion, with non-GAAP diluted EPS coming in at $2.76. Although operating cash flow dipped from the previous year, the company ended 2024 with a robust $45.4 billion in cash and short-term investments.
According to Insider Monkey’s fourth quarter database, 85 hedge funds reported owning stakes in PDD Holdings Inc. (NASDAQ:PDD), compared to 78 funds in the preceding quarter. Appaloosa Management was a prominent stakeholder in the company, with 5.35 million shares valued at $519.5 million.
13. Snowflake Inc. (NYSE:SNOW)
Number of Hedge Fund Holders: 85
Average 5-Year Revenue Growth: 89.48%
Snowflake Inc. (NYSE:SNOW), one of the best high growth stocks, ranks 13th on our list. It is the American provider of a cloud-based data platform enabling organizations to seamlessly manage, analyze, and share their data across different business functions. The company’s platform leverages AI to support data integration, app development, and advanced analytics, empowering businesses to derive actionable insights from their data.
On April 16, BTIG analyst Gray Powell reiterated a Buy rating on Snowflake Inc. (NYSE:SNOW) with a price target of $220. Snowflake appears well-positioned to handle economic challenges, with strong financials and solid performance in its core data warehouse business. Upcoming products like Snowpark and Iceberg Tables are expected to drive growth in FY 2026, supporting Powell’s confidence in a 23% product revenue increase.
Snowflake Inc. (NYSE:SNOW) announced on April 10 that it has secured IL5 Provisional Authorization from the Department of Defense, allowing it to handle sensitive unclassified data for defense and government agencies. This enables safe AI-led analytics and collaboration for mission-critical operations. The approval follows the launch of Snowflake Public Sector, Inc., reinforcing the company’s commitment to serving federal, state, local, and education sectors with secure data solutions.
According to Insider Monkey’s fourth quarter database, 85 hedge funds were long Snowflake Inc. (NYSE:SNOW), compared to 71 funds in the prior quarter. Brad Gerstner’s Altimeter Capital Management was the leading stakeholder of the company, with nearly 5 million shares worth $768.7 million.
12. ConocoPhillips (NYSE:COP)
Number of Hedge Fund Holders: 86
Average 5-Year Revenue Growth: 23.05%
ConocoPhillips (NYSE:COP) is a global energy company that explores, produces, and markets oil and gas, including LNG and natural gas liquids. It ranks 12th on our list of high growth stocks. On April 15, UBS analyst Josh Silverstein issued a Buy rating on COP but trimmed the price target to $111 from $116. Analyst Silverstein expects the upcoming earnings call to highlight the company’s resilience, cash flow from major projects, and $10 billion return of capital. ConocoPhillips is well-positioned for growth and is supported by divestitures, cash reserves, and a strong balance sheet.
In February 2025, ConocoPhillips (NYSE:COP) agreed to sell its stakes in the Ursa and Europa Fields, along with the Ursa Oil Pipeline, to Shell plc for $735 million. The deal also includes a royalty interest in the Ursa Field. The proceeds will be used for general corporate purposes. This sale is part of ConocoPhillips’ ongoing effort to streamline its portfolio and reach its $2 billion asset divestment target. The transaction, which is expected to close by the second quarter of 2025, covers around 8,000 barrels of oil equivalent per day of production from its interests in the fields.
According to Insider Monkey’s Q4 database, 86 hedge funds held stakes in ConocoPhillips (NYSE:COP), compared to 66 funds in the last quarter. Boykin Curry’s Eagle Capital Management is the biggest stakeholder of the company, with nearly 20 million shares worth $2 billion.
11. Sea Limited (NYSE:SE)
Number of Hedge Fund Holders: 86
Average 5-Year Revenue Growth: 68.66%
Sea Limited (NYSE:SE) is a consumer internet company that operates through three segments: e-commerce, digital financial services, and digital entertainment. It runs Shopee, a popular e-commerce platform, Garena, a gaming and eSports platform, and SeaMoney, which offers digital financial services. Sea Limited (NYSE:SE) is one of the best high growth stocks to monitor, with an average 5-year revenue growth of nearly 69%.
On April 17, JPMorgan analysts downgraded Sea Limited (NYSE:SE) from Overweight to Neutral and trimmed the price target from $160 to $135. JPMorgan has revised its outlook on Sea, cutting its 2025/26 EBITDA forecasts by 5%. The downgrade stems from softer growth expectations in the e-commerce segment, prompting a reduction in adjusted EBITDA by 18% for 2025 and 11% for 2026. Fintech estimates were also trimmed slightly, while the gaming segment saw a modest bump in projections.
In 2024, Sea Limited (NYSE:SE) experienced double digit growth and positive adjusted EBITDA across all three business segments: e-commerce, fintech, and gaming. Shopee, its e-commerce platform, topped $100 billion in GMV and was profitable in both Asia and Brazil. Sea expects Shopee to grow another 20% in 2025 while continuing to improve profitability. In fintech, Sea’s loan book grew over 60% year-over-year to surpass $5 billion, making it one of Southeast Asia’s biggest consumer lenders. Garena, Sea’s gaming unit, saw a huge comeback with Free Fire, with 34% growth in annual bookings. The company now expects both its user base and bookings to continue growing by double digits in 2025.
According to Insider Monkey’s fourth quarter database, 86 hedge funds were long Sea Limited (NYSE:SE), up from 58 funds in the prior quarter. Tiger Global Management was the top stakeholder of the company, with 16 million shares valued at $1.70 billion.
10. Coupang, Inc. (NYSE:CPNG)
Number of Hedge Fund Holders: 87
Average 5-Year Revenue Growth: 38.16%
Coupang, Inc. (NYSE:CPNG) is a retail and e-commerce company that provides grocery delivery, digital advertising, streaming content, financial technology services, and a luxury fashion marketplace across Asia and the United States. It is one of the best high growth stocks on the radar of Wall Street funds. On February 26, Citi analysts assigned a Buy rating to Coupang, Inc. (NYSE:CPNG) and raised the price target from $28 to $29, citing impressive growth, a boost in active customers, and the strong performance of its Fastest Last-Mile delivery service.
Coupang, Inc. (NYSE:CPNG) reported $8 billion in revenue for the fourth quarter of 2024, up 21% from last year. Even excluding numbers from Farfetch, growth remained solid at 14%. Gross profit rose 48% to $2.5 billion, given the improved margins. Net income came in at $156 million, though it was lower than Q4 2023 because of a large tax-related gain last year. EPS landed at $0.08, or $0.04 on an adjusted basis. Adjusted EBITDA also grew to $421 million, showing improved profitability.
According to Insider Monkey’s fourth quarter database, 87 hedge funds were bullish on Coupang, Inc. (NYSE:CPNG), compared to 56 funds in the prior quarter. Durable Capital Partners was the biggest stakeholder of the company, with 28.6 million shares valued at $629.4 million.
9. DoorDash, Inc. (NASDAQ:DASH)
Number of Hedge Fund Holders: 88
Average 5-Year Revenue Growth: 78.26%
DoorDash, Inc. (NASDAQ:DASH) stands 9th on our list of the top high growth stocks on the radar of hedge funds. The company offers platforms like DoorDash and Wolt marketplaces, helping businesses with services like order fulfillment, marketing, payment processing, and customer support.
Benchmark analysts maintained a Buy rating on DoorDash, Inc. (NASDAQ:DASH) on April 30, but trimmed the price target from $245 to $220. Ahead of DoorDash’s Q1 earnings report, analysts are expecting the company to hit the high end of its earnings and order volume guidance, given the growth in its restaurant, grocery, and retail sectors. The company has secured a solid foothold in the market, with 21 of the top 25 US consumer goods brands advertising on its platform. The Deliveroo acquisition could also open doors for more international expansion.
On April 10, DoorDash, Inc. (NASDAQ:DASH) announced a partnership with Coco Robotics to expand robot deliveries to more US cities, starting with Los Angeles and Chicago. This follows a successful trial in Helsinki with Wolt, DoorDash’s international arm. The goal is to make deliveries more efficient and eco-friendly using Coco’s fleet of emissions-free robots. This move is part of DoorDash’s broader strategy to improve last-mile logistics, combining robots, human drivers, and drones to meet growing demand and reduce costs.
According to Insider Monkey’s fourth quarter database, 88 hedge funds were bullish on DoorDash, Inc. (NASDAQ:DASH), compared to 73 funds in the prior quarter. Andreas Halvorsen’s Viking Global was a prominent stakeholder of the company, with nearly 5 million shares worth $830.2 million.
8. AppLovin Corporation (NASDAQ:APP)
Number of Hedge Fund Holders: 95
Average 5-Year Revenue Growth: 31.91%
AppLovin Corporation (NASDAQ:APP) helps advertisers and app developers grow through its marketing and monetization platform. It offers tools like AppDiscovery, MAX, and Adjust for ad optimization and analytics, and owns Wurl for connected TV advertising. AppLovin Corporation (NASDAQ:APP) ranks 8th on our list of the high growth stocks most popular among smart investors.
On April 11, UBS analyst Chris Kuntarich reiterated a Buy rating on APP but slashed the price target from $630 to $450. UBS sees improving investor sentiment around AppLovin despite recent short report concerns. The firm expects Q1 e-commerce revenue at $90 million, below market forecasts, but remains optimistic about long-term growth.
AppLovin Corporation (NASDAQ:APP)’s Q4 2024 revenue hit $1.37 billion, a 44% increase from the previous year, while full-year revenue grew 43% to $4.71 billion. The big driver was advertising, which saw a 73% jump, though app revenue dipped a little. Net income rose by 248% in Q4 and 343% for the whole year. The company also repurchased 25.7 million shares in 2024, leaving 340 million shares outstanding. For Q1 2025, APP expects revenue of up to $1.385 billion.
According to Insider Monkey’s Q4 data, 95 hedge funds held stakes in AppLovin Corporation (NASDAQ:APP), compared to 51 funds in the last quarter. Rajiv Jain’s GQG Partners was the largest stakeholder of the company, with 8.4 million shares valued at $2.7 billion.
7. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 96
Average 5-Year Revenue Growth: 34.35%
Advanced Micro Devices, Inc. (NASDAQ:AMD), an American semiconductor giant, ranks 7th on our list of high growth stocks favored by Wall Street funds. On March 12, JPMorgan maintained a Neutral rating on AMD with a price target of $130. Despite the stock being down 36% over six months, strong growth is expected in 2025, with JPMorgan projecting 20 %+ revenue growth. Positive drivers include gains in server CPUs, AI GPUs, and gaming. The company is also preparing to launch its MI400 chips in 2026, reinforcing its position in the AI and data center markets.
On March 31, Advanced Micro Devices, Inc. (NASDAQ:AMD) acquired ZT Systems, a top provider of AI and computer infrastructure for the world’s biggest cloud companies. This move strengthens AMD’s ability to deliver full-scale AI solutions by combining its CPUs, GPUs, networking chips, and open-source software with ZT’s system design expertise. The acquisition is expected to strengthen AMD’s earnings by the end of 2025. As part of the deal, AMD plans to sell ZT’s American manufacturing business while retaining its leadership and design teams on board to fasten AI infrastructure development.
According to Insider Monkey’s fourth quarter database, 96 hedge funds were long Advanced Micro Devices, Inc. (NASDAQ:AMD), compared to 107 funds in the prior quarter. Fisher Asset Management was the biggest stakeholder of the company, with 24 million shares worth $2.90 billion.
6. MercadoLibre, Inc. (NASDAQ:MELI)
Number of Hedge Fund Holders: 96
Average 5-Year Revenue Growth: 56.60%
MercadoLibre, Inc. (NASDAQ:MELI) is an e-commerce and fintech company in Latin America, operating mainly in Brazil, Mexico, and Argentina. It runs an online marketplace, a digital payments platform, and offers tools for investing, lending, shipping, online ads, and lets users develop online stores through Mercado Shops. It is one of the best high growth stocks to consider.
On April 21, BTIG analysts maintained a Buy rating on MercadoLibre, Inc. (NASDAQ:MELI) with a $2,500 price target. Analysts remain optimistic heading into its Q1 2025 earnings report. Despite global uncertainty, Latin America’s economy has shown resilience, and retail spending in Brazil grew 3.5% in March. Credit trends also remain stable, with only a slight uptick in non-performing loans. Overall, analysts see solid momentum and remain bullish on the stock.
MercadoLibre, Inc. (NASDAQ:MELI)’s revenue in Q4 2024 rose 37% year-over-year to $6.1 billion, and the company reported an operating income of $820 million. MELI reached 67 million unique buyers in Q4, helping the company surpass 100 million buyers for the first time. Gross merchandise value came in at $14.5 billion for the quarter, with Brazil and Mexico seeing solid growth. Advertising revenue grew by 41%, and Mercado Pago saw significant growth with 61 million active users and a $6.6 billion credit portfolio. The company remains optimistic about the future, with plans to strengthen its position as Latin America’s leading digital bank.
Among the hedge funds tracked by Insider Monkey in Q4 2024, 96 funds were bullish on MercadoLibre, Inc. (NASDAQ:MELI), compared to 87 funds in the preceding quarter. Arrowstreet Capital was the biggest stakeholder of the company, with 545,292 shares worth $927.2 million.
5. ServiceNow, Inc. (NYSE:NOW)
Number of Hedge Fund Holders: 110
Average 5-Year Revenue Growth: 26.82%
ServiceNow, Inc. (NYSE:NOW) is a California-based company that operates a cloud-based platform enabling businesses to automate and streamline their workflows. It offers AI-powered tools for machine learning, automation, and analytics, in addition to solutions for IT service management, security, asset management, and customer service. NOW is one of the best high growth stocks to monitor.
On May 1, Truist analysts upgraded ServiceNow, Inc. (NYSE:NOW) to Buy from Hold and raised the price target from $950 to $1,200, citing the company’s strong position in AI and enterprise IT. Analysts believe ServiceNow’s platform will drive continued growth, especially in CRM and AI. Despite its premium valuation, Truist sees solid long-term potential, forecasting strong revenue growth in the coming years.
ServiceNow, Inc. (NYSE:NOW) reported $3.005 billion in subscription revenue for Q1 2025, up 19% from the same period last year. The company’s AI-driven platform is helping businesses transform, and NOW is seeing strong growth in new contracts. It is also making some strategic moves, including acquiring Moveworks and Logik.ai to boost its AI and CRM capabilities. ServiceNow has also partnered with companies like Aptiv, Vodafone, and Google Cloud to further expand its AI solutions across different industries.
According to Insider Monkey’s fourth quarter database, 110 hedge funds reported owning stakes in ServiceNow, Inc. (NYSE:NOW), compared to 78 funds in the last quarter. Ken Fisher’s Fisher Asset Management was the largest stakeholder of the company, with 1.6 million shares valued at $1.78 billion.
4. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 126
Average 5-Year Revenue Growth: 33.81%
Tesla, Inc. (NASDAQ:TSLA) is one of the leading electric vehicle companies in the world, and it ranks 4th on our list of the top high growth stocks. On April 28, Cantor Fitzgerald reiterated an Overweight rating on Tesla and set a $355 price target. Despite a 30% drop in the stock this year, Cantor Fitzgerald remains bullish, citing strong finances and big plans ahead, like Robotaxis, a $30,000 model in 2025, and full self-driving expansion. The investment firm sees long-term growth in Tesla’s AI, energy storage, and robotics, calling the current dip a buying opportunity for patient investors.
Elon Musk recently announced that he will step back from his role in the US government’s DOGE advisory group to focus more on Tesla, Inc. (NASDAQ:TSLA), following a rough first quarter for the company. The company reported a 70% drop in profits and a 20% decline in car sales in the March quarter, and Musk’s political involvement has triggered protests and boycotts that may be hurting the brand. While he will remain involved with the government in a limited capacity, Musk said he will now dedicate more time to steering Tesla through uncertain times.
According to Insider Monkey’s fourth quarter database, 126 hedge funds were bullish on Tesla, Inc. (NASDAQ:TSLA), up from 99 funds in the prior quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP was one of the leading stakeholders of the company, with 3.8 million shares worth $1.5 billion.
3. Uber Technologies, Inc. (NYSE:UBER)
Number of Hedge Fund Holders: 166
Average 5-Year Revenue Growth: 33.62%
Uber Technologies, Inc. (NYSE:UBER), the American mobility tech giant, is one of the best high growth stocks on the radar of elite hedge funds. On April 29, BMO Capital Markets assigned an Outperform rating to UBER, with a $92 price target. The company is in great financial shape, according to BMO Capital, with strong growth in both its ride-hailing and delivery businesses. The company’s global strategy, new delivery partnerships with major retailers, and its early success with autonomous rides through Waymo in Austin are fueling momentum. While self-driving tech is still years away from being mainstream, Uber is expected to grow steadily without heavy investment in its own fleet. BMO is sticking to its growth forecasts, confident in Uber’s long-term outlook.
On March 24, Uber Technologies, Inc. (NYSE:UBER) partnered with the US Army to roll out a pilot program that makes ride sharing easier for military members and their families, both on and off base. Starting at six Army installations, including Fort Bragg and Joint Base Lewis-McChord, the program will bring more transportation options to areas where public transit is limited. Uber plans to expand the program to over 20 bases across 15 states, helping military communities stay connected and boosting local economies.
According to Insider Monkey’s fourth quarter database, 166 hedge funds were bullish on Uber Technologies, Inc. (NYSE:UBER), compared to 136 funds in the prior quarter. Brad Gerstner’s Altimeter Capital Management was a notable stakeholder of the company, with 5.58 million shares valued at $337 million.
2. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Holders: 186
Average 5-Year Revenue Growth: 20.73%
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the biggest semiconductor companies in the world. On May 1, Morgan Stanley maintained an Overweight rating on TSM but trimmed the price target from TWD2,454 to TWD2,330. Morgan Stanley lowered its price target for TSM but kept a bullish stance, calling it a Top Pick. The firm sees strong upside potential, especially as big tech players like Meta and Microsoft bolster AI spending, which could offset worries about weaker demand for TSM’s advanced chip packaging tech.
On March 12, MediaTek and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) partnered to successfully showcase the first working power management unit and integrated power amplifier built using TSM’s advanced N6RF+ chip process. This breakthrough allows both components to be combined into a single chip, helping shrink the size of wireless connectivity devices while boosting power efficiency. The project reflects a year of close collaboration between the two companies. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) ranks 2nd on our list of the best high growth stocks.
According to Insider Monkey’s fourth quarter database, 186 hedge funds were bullish on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), compared to 158 funds in the last quarter. Ken Fisher’s Fisher Asset Management was the largest stakeholder of the company, with 28.35 million shares worth $5.6 billion.
1. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 223
Average 5-Year Revenue Growth: 66.67%
NVIDIA Corporation (NASDAQ:NVDA) is a global tech company known for its graphics cards, data centers, AI software, and advanced computing solutions. On April 16, UBS analyst Timothy Arcuri reaffirmed a Buy rating on NVDA with a price target of $185. NVIDIA now needs a license to export its H20 chip to China and other restricted countries, prompting a $5.5 billion reserve. UBS says this acts like a ban and could impact earnings, though it might help reset investor expectations. Despite the setback, the company remains strong with 114% revenue growth, and its $500 billion US AI investment may also help ease regulatory concerns.
NVIDIA Corporation (NASDAQ:NVDA) has firmly established itself as a leader in AI hardware, holding a massive 93% share of the global GPU market for AI workloads. Its latest chip, the Blackwell processor, is not only faster but also more energy-efficient than previous models. Top tech giants like Google, Meta, and Tesla are snapping them up. NVIDIA is expanding into AI platforms in areas like drug discovery and autonomous vehicles, positioning itself for further growth as demand for AI solutions continues to rise.
Among the hedge funds tracked by Insider Monkey, 223 funds were bullish on NVIDIA Corporation (NASDAQ:NVDA) at the end of Q4 2024, compared to 193 funds in the prior quarter. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital was the largest stakeholder of the company, with 65.8 million shares worth $8.84 billion.
Overall, NVDA ranks first among the 15 High Growth Companies Hedge Funds Are Buying. While we acknowledge the potential of high growth stocks, 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 NVDA 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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