5 Most Popular Technology Stocks Among Billionaires

In this piece, we will take a look at the five most popular technology stocks among billionaires. If you want to learn more about the latest developments in the technology industry, then read 10 Most Popular Technology Stocks Among Billionaires.

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Billionaire Investors In Q3 2023: 29

NVIDIA Corporation (NASDAQ:NVDA) is one of the most popular technology stocks right now due to its A.I. focused GPUs. Even though the stock has posted triple digit percentage return this year, analysts’s average share price target still prices in a hefty upside since its average value is $641.23.

During Q3 2023, 180 out of the 910 hedge funds profiled by Insider Monkey were NVIDIA Corporation (NASDAQ:NVDA)’s investors. Rajiv Jain’s GQG Partners was the biggest shareholder as it owned 14 million shares that are worth $6.1 billion.

4. Meta Platforms, Inc. (NASDAQ:META)

Number of Billionaire Investors In Q3 2023: 32

Meta Platforms, Inc. (NASDAQ:META) is another big ticket tech name with considerable potential A.I. tailwinds. The firm made a big announcement in December when it rolled out default encrypted messaging for Facebook and Messenger users – bringing them on par with those who use WhatsApp.

As of September 2023 end, 234 out of the 910 hedge funds tracked by Insider Monkey had bought the firm’s shares. Meta Platforms, Inc. (NASDAQ:META)’s largest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $3.4 billion stake.

3. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Billionaire Investors In Q3 2023: 33

Amazon.com, Inc. (NASDAQ:AMZN) is an American technology company that controls the eCommere market and has a sizeable presence in the cloud computing arena. It held one of its most important A.I. events in late November, which saw Amazon.com, Inc. (NASDAQ:AMZN) launch a fresh batch of processors.

Insider Monkey dug through 910 hedge funds for their third quarter of 2023 shareholdings to find 286 Amazon.com, Inc. (NASDAQ:AMZN) stakeholders. Out of these, the biggest shareholder was Ken Fisher’s Fisher Asset Management as it owned $5.2 billion worth of shares.

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Billionaire Investors In Q3 2023: 34

Alphabet Inc. (NASDAQ:GOOGL) is a global technology giant with several important personal and enterprise computing divisions. While it tried to shake up the A.I. conversation in December 2023 by showing off its new Gemini A.I., viewers doubted whether the reveal was genuine due to controversial claims of video manipulation.

During this year’s September quarter, 221 out of the 910 funds profiled by Insider Monkey had held a stake in the company. Alphabet Inc. (NASDAQ:GOOGL)’s largest investor among these is Ken Fisher’s Fisher Asset Management due to its $5.7 billion stake.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Billionaire Investors In Q3 2023: 34

Microsoft Corporation (NASDAQ:MSFT) is a personal computing and enterprise cloud computing services provider. The firm is facing the heat for its highly hyped OpenAI partnership, with the U.K.’s antitrust regulator probing Microsoft Corporation (NASDAQ:MSFT)’s investment.

306 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 database had bought Microsoft Corporation (NASDAQ:MSFT)’s shares. Michael Larson’s Bill & Melinda Gates Foundation Trust was the biggest shareholder as it owned $12.4 billion worth of shares.

Disclosure: None. You can also take a look at 12 Most Promising Stocks to Buy According to Hedge Funds and 25 Best Smelling Colognes for Men that Women Love.

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