Billionaire David Harding’s 10 Stock Picks with Huge Upside Potential

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1. QuidelOrtho Corporation (NASDAQ:QDEL)

Winton Group’s stake: $7,571,763

Upside Potential: 74.07%

Number of Hedge Fund Holders: 39

QuidelOrtho Corporation (NASDAQ:QDEL) is a leader in diagnostic solutions, specializes in immunoassay, molecular testing, clinical chemistry, and transfusion medicine. The company operates in over 130 countries, with manufacturing facilities in the US and UK, offering a wide range of diagnostic products across various markets.  The company generates revenue through core business units like Labs, Transfusion Medicine, Point of Care, and Molecular Diagnostics, as well as non-core revenue from contract manufacturing.

QuidelOrtho Corporation (NASDAQ:QDEL) is investing heavily in new product development, including next-gen diagnostic solutions and rapid testing platforms. The company is advancing product development with new offerings like the Savanna® molecular platform, and VITROS® syphilis assay. Additionally, they’ve launched the Results Manager™ system to enhance lab efficiency, highlighting their commitment to expanding diagnostic capabilities across multiple therapeutic areas.

The company has made significant strides in operational efficiency, including staff reductions and procurement cost savings. These actions could lead to sustained margin expansion, improving profitability in the coming years. The company announced a 9% workforce reduction, resulting in 12-13% cost savings, and increased traction in procurement efforts, which are expected to deliver an additional $30-50 million in savings. The company maintains a target of achieving a 25-30% EBITDA range in the next two to three years. The current ratio stands at 21%.

While we acknowledge the growth potential of QDEL, 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 QDEL 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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