5 Tech Stocks in Billionaire Ken Fisher’s Portfolio

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 264

Fisher Asset Management Equity Stake: $15.44 Billion

NVIDIA Corporation (NASDAQ:NVDA) is one of the top tech stocks in billionaire Ken Fisher’s portfolio. On May 14, Reuters reported that the US has cleared 10 Chinese companies to purchase NVIDIA Corporation (NASDAQ:NVDA)’s second-most-powerful AI chip, the H200. However, the report indicates that no deliveries have been made so far, leaving the deal in limbo.

According to people familiar with the matter, Alibaba, Tencent, and JD.com are among the companies approved to purchase the H200 chips. A handful of distributors, including Lenovo and Foxconn, have also been approved. The report also indicates that buyers can purchase directly from the chip giant or through intermediaries. Each customer can also purchase up to 75,000 chips under the US Licensing terms.

Amid the approval, deals for potential purchases have stalled as Chinese firms have pulled back following guidance from Beijing authorities. Pressure is mounting to block or tightly vet the orders as authorities look to foster their own domestic industry.

NVIDIA Corporation (NASDAQ:NVDA) is a leading technology company that specializes in designing and manufacturing Graphics Processing Units (GPUs), alongside developing software for artificial intelligence (AI), high-performance computing, and visualization. It is considered the backbone of the AI industry, providing the essential “mining equipment” (chips and software) needed to power the ongoing AI boom.

While we acknowledge the potential of NVDA 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 NVDA and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Billionaire Steve Cohen’s 10 Large-Cap Stock Picks with Highest Upside Potential and 12 Best Uranium Stocks to Buy According to Wall Street Analysts.

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