3. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders as of Q4: 223
Fisher Asset Management’s Equity Stake: Million
Upside Potential as of April 30: 53.27%
NVIDIA Corporation (NASDAQ:NVDA), a global leader in GPU-accelerated computing, continues to revolutionize the tech industry with its high-performance graphics processing units, powering innovations across gaming, professional visualization, data centers, and automotive sectors.
In the fourth quarter of fiscal year 2025, NVIDIA Corporation (NASDAQ:NVDA) reported a record-breaking revenue of $39.3 billion, demonstrating a staggering 78% year-over-year growth. GAAP earnings per diluted share climbed to $0.89, reflecting strong operational performance and expanding demand for NVIDIA’s AI and data center technologies.
At the same time, NVIDIA Corporation (NASDAQ:NVDA) finds itself at the heart of escalating US-China tensions over advanced technology exports, particularly as Washington tightens restrictions on the sale of AI chips to Chinese firms. In response to new U.S. Commerce Department rules, NVIDIA must now obtain export licenses for its H20 AI chip, a model originally designed to comply with earlier export controls. Despite the setback, NVIDIA remains a pivotal player in the generative AI race, with its chips underpinning platforms such as ChatGPT. The restrictions are part of a broader U.S. strategy to curb China’s access to advanced AI technology, while simultaneously boosting domestic chip production—evidenced by NVIDIA’s recent $500 billion AI server investment plan in the U.S., and TSMC’s additional $100 billion investment in its Arizona facilities.
To safeguard its interests in China, which accounted for 13% of its total sales last year, NVIDIA CEO Jensen Huang recently visited Beijing, where he met with senior officials and business leaders, including DeepSeek’s founder. Huang reaffirmed the company’s commitment to the Chinese market, emphasizing continued collaboration despite geopolitical headwinds. The visit coincided with increased scrutiny of the global semiconductor supply chain and a growing divide between U.S.- and China-led tech ecosystems.
Nonetheless, investor sentiment surrounding NVIDIA Corporation (NASDAQ:NVDA) remains strong. The stock holds a price target of $167.09, representing a projected upside of 53.27%, placing it among the huge upside potential stock picks of billionaire Ken Fisher. This optimism highlights NVIDIA’s strategic importance in the future of AI and next-generation computing, reinforcing its appeal to investors who view it as a cornerstone of technological advancement in an increasingly polarized global tech landscape.
Alger Spectra Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2024 investor letter:
“NVIDIA Corporation (NASDAQ:NVDA) is a leading supplier of graphics processing units (GPUs) for a variety of end markets, such as gaming, PCs, data centers, virtual reality, and high-performance computing. The company is leading in most secular growth categories in computing, and especially artificial intelligence and super-computing parallel processing techniques for solving complex computational problems. In our view, Nvidia’s computational power is a critical enabler of AI and therefore essential to AI adoption. Shares contributed to performance during the quarter, driven by strong demand for its data center products, especially the Hopper H200 chips, which generated double-digit billions in revenue, marking the fastest product ramp in the company’s history. Management provided fiscal fourth-quarter revenue guidance above analyst estimates, along with resilient operating margins supported by robust demand and limited competition. In our view, Nvidia’s leadership in scaling AI infrastructure, including advancements in inference and test-time scaling (i.e., reasoning during inference), is driving adoption among enterprises and startups, providing continued demand for its high-performance chips and software solutions. As older-generation chips are repurposed for inference and new clusters are deployed, we believe Nvidia is well-positioned to capitalize on growing compute needs across AI applications.”
