Billionaire Bruce Kovner’s 10 Stock Picks with Huge Upside Potential

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1. ChampionX Corp. (NASDAQ:CHX)

Caxton Associates’ Stake: $8.19 million

Number of Hedge Fund Holders: 48

Average Upside Potential as of May 7: 64.30%

ChampionX Corp. (NASDAQ:CHX) provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil & gas companies worldwide. It operates in four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.

ChampionX’s Production Chemical Technologies segment generated $523.4 million in Q1 2025 revenue, which was a sequential drop of 8% due to typical seasonal lower international sales volumes. Despite this dip, the segment achieved an operating profit of $82.2 million and an adjusted EBITDA of $109.1 million. The company has already strengthened its arsenal of oil & gas equipment by acquiring RMSpumptools Limited.

With the acquisition, ChampionX Corp. (NASDAQ:CHX) gains access to advanced mechanical and electrical solutions for artificial lift applications. This acquisition should open up growth opportunities for the company in the international markets of the Middle East and Latin America. The company has also started a new team focused on unconventional water applications in North America and is re-entering the US Land market with its H2S scavenger program.

While we acknowledge the growth potential of ChampionX Corp. (NASDAQ:CHX), our conviction lies in the belief that AI stocks hold great promise for delivering high 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 CHX 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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