In this article, we will list the 5 Best Stocks to Buy According to David Greenspan’s Slate Path Capital. Please visit 10 Best Stocks to Buy According to David Greenspan’s Slate Path Capital if you would like to see the extended list and the methodology behind it.
5. Rocket Companies Inc (NYSE:RKT)
Slate Path Capital’s Investment Stake: $329.9 Million
Number of Hedge Fund Holders: 112
Stock Upside Potential: 20.63%
Rocket Companies Inc (NYSE:RKT) is one of the best stocks to buy according to David Greenspan’s Slate Path Capital. The stock makes up 4.9% of its reported equity portfolio. Rocket Companies’ stock is up more than 20% over the past month, and analysts expect it to go up more. Some 112 hedge funds have positions in RKT stock.
On June 30, Benchmark initiated coverage of Rocket Companies Inc (NYSE:RKT) stock with a Buy rating and a price target of $21 on the shares. The brokerage cited favorable mortgage rates and further noted that Rocket could become one of the two leading real estate portals over the next decade.
According to Benchmark, housing platforms that combine artificial intelligence, vertical integration, and the ability to convert intent into transactions will win the industry competition. If this is the case, the brokerage believes Rocket has a major advantage over traditional providers. Rocket has shown that it is open to partnerships across the industry in order to advance its goals and reduce its risks. Additionally, the company is seeking to expand its market share across purchase and refinancing segments.
Detroit-based Rocket Companies Inc (NYSE:RKT) provides a variety of digital services in the home-buying and refinancing sector. It operates a home search platform and provides home and personal loans. It also offers a personal finance app that helps users track spending and manage budgets.
4. Nucor Corp (NYSE:NUE)
Slate Path Capital’s Investment Stake: $345.2 Million
Number of Hedge Fund Holders: 59
Stock Upside Potential: 21.66%
Nucor Corp (NYSE:NUE) is one of the best stocks to buy according to David Greenspan’s Slate Path Capital. Slate Path Capital increased its position in Nucor Corp stock by 23% during Q1 2026, and the stock now makes up 5.1% of the portfolio. Some 59 hedge funds have positions in this American steel stock.
On June 17, Nucor Corp (NYSE:NUE) provided an update on its earnings expectations for Q2 2026. The steel producer is expecting to post GAAP EPS in the range of $4.70 to $4.80 and adjusted EPS in the band of $4.50 to $4.60. The company’s GAAP EPS was $2.60 in Q2 2025. Nucor expects its Q2 earnings to benefit from strong volumes and prices.
Nucor had a strong start to the year, delivering solid Q1 2026 results. It entered Q2 with a commitment to generate strong returns for shareholders. The company had returned $630 million to shareholders in the form of dividend payments and share repurchases since the year began through June 17.
Nucor Corp (NYSE:NUE) is a leading American producer of steel and steel products. The company operates facilities in the US, Canada, and Mexico, producing steel in the forms of bars, beams, sheets, and plates. It also manufactures fabricated steel products for the construction, energy, and automotive industries.
3. ON Semiconductor Corp (NASDAQ:ON)
Slate Path Capital’s Investment Stake: $482.9 Million
Number of Hedge Fund Holders: 58
Stock Upside Potential: 21.80%
ON Semiconductor Corp (NASDAQ:ON) is one of the best stocks to buy according to David Greenspan’s Slate Path Capital. The stock makes up 7.2% of the equity portfolio. ON Semiconductor stock is already up more than 60% year-to-date, and analysts see it rising more.
On June 29, Cantor Fitzgerald lifted its price target on ON Semiconductor Corp (NASDAQ:ON) shares to $110 from $100 while maintaining a Neutral rating on the stock. The brokerage noted that the AI infrastructure buildout is fueling demand for semiconductor components. It noted that industry revenue could hit $3 trillion by 2029 and expand to over $3.5 trillion by 2030.
Notably, Cantor Fitzgerald updated its call on ON Semiconductor on the back of the company’s deal to acquire Synaptics. ON Semiconductor, also known as Onsemi, expects the Synaptics deal to strengthen its AI business and expand its total addressable market by $30 billion to $243 billion by 2030.
The $7 billion all-stock Synaptics deal is expected to close in mid-2027 and bolster the company’s capability to meet the demand from customers seeking intelligent systems.
Arizona-based ON Semiconductor Corp (NASDAQ:ON) manufactures and supplies power and signal management semiconductor components that support a variety of applications. The company’s products are used in defense systems, industrial systems, medical devices, cars, and consumer products.
2. Texas Instruments Inc (NASDAQ:TXN)
Slate Path Capital’s Investment Stake: $518.4 Million
Number of Hedge Fund Holders: 71
Stock Upside Potential: 0.40%
Texas Instruments Inc (NASDAQ:TXN) is one of the best stocks to buy according to David Greenspan’s Slate Path Capital. Texas Instruments stock was a fresh addition to David Greenspan’s equity portfolio during the Q1 2026 period. This semiconductor stock makes up 7.7% of the billionaire’s Slate Path Capital hedge fund portfolio size. Some 71 hedge funds are backing Texas Instruments stock.
On June 29, Cantor Fitzgerald raised its price target on Texas Instruments Inc (NASDAQ:TXN) shares to $340 from $300 while keeping a Neutral rating on the stock. The brokerage views the AI infrastructure buildout as a generational semiconductor cycle, noting that it is expected to drive rapid industry revenue expansion.
According to the brokerage, semiconductor industry revenue could reach roughly $3 trillion by 2029 and exceed $3.5 trillion by 2030, courtesy of AI-driven demand.
In Q1 2026, Texas Instruments’ revenue rose 19% YoY to $4.8 billion, and EPS increased 31% to $1.68. The quarter was supported by strong demand from data center and industrial markets. The company is anticipating Q2 revenue in the band of $5 billion to $5.4 billion and EPS in the range of $1.77 and $2.05.
Texas Instruments Inc (NASDAQ:TXN) is a global semiconductor company. It focuses on developing analog and embedded processing chips. These chips are used in everything from cars and medical devices to industrial systems.
1. Hewlett Packard Enterprise Co (NYSE:HPE)
Slate Path Capital’s Investment Stake: $553.7 Million
Number of Hedge Fund Holders: 58
Stock Upside Potential: 50.15%
Hewlett Packard Enterprise Co (NYSE:HPE) is one of the best stocks to buy according to David Greenspan’s Slate Path Capital. HPE stock has gained more than 80% year-to-date and more than doubled over the past year. Analysts see more upside potential in the stock, projecting a 50% rise from the current level. Some 58 hedge funds are backing HPE stock.
Hewlett Packard Enterprise Co (NYSE:HPE) is expanding the market reach of its networking business following its acquisition of Juniper Networks. On June 30, HPE’s technology distributor, ScanSource, said that it was adding Juniper products to the portfolio of HPE networking solutions it distributes.
ScanSource has been helping HPE to get a wide variety of its products to the market. It is a foundational channel partner that has been distributing HPE Aruba networking products across the US for nearly two decades. ScanSource said it would distribute Juniper products through its Launch Point program, which provides marketing strategies and sales support.
HPE’s networking portfolio includes an AI-enabled platform for managing wireless, wireline, and software-defined networks.
Texas-based Hewlett Packard Enterprise Co (NYSE:HPE) is a global technology company that provides a broad array of enterprise-grade solutions. It provides IT infrastructure, cloud computing, AI deployment, storage, and networking solutions to businesses and governments.
While we acknowledge the potential of HPE to grow, 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 HPE and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: Top 10 AI Stocks to Buy According to Billionaire Philippe Laffont and 10 Best Dividend Stocks Yielding at Least 5% to Buy According to Hedge Funds.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.
