1. NVIDIA Corporation (NASDAQ:NVDA)
Fisher Investments’ Stake: $15.4 billion
Given the crucial role that it plays in the AI ecosystem, it is unsurprising that NVIDIA Corporation (NASDAQ:NVDA) is the top stock in Fisher Investments’ portfolio. June is a crucial month for the firm as it kicked it off by holding the much talked about GTC conference in Taipei, Taiwan. The event saw NVIDIA Corporation (NASDAQ:NVDA) focus on agentic AI computing as the event came at a time when the market was focused on its impact on CPU demand. A key announcement at the GTC was NVIDIA Corporation (NASDAQ:NVDA)’s RTX Spark CPU which will feature in Windows laptops and is designed for agentic AI use.
NVIDIA Corporation (NASDAQ:NVDA) currently trades at a forward P/E ratio of 24.57 which is slightly lower than the market’s 27.66. Tigress Financial discussed the firm on May 27th as it raised the share price target to $426 from $360 and kept a Strong Buy rating on the stock. The firm based its coverage on NVIDIA Corporation (NASDAQ:NVDA)’s position in the AI factory ecosystem.
Weitz Investment Large Cap Equity Fund discussed NVIDIA Corporation (NASDAQ:NVDA) in its Q1 2026 investor letter:
“One takeaway from our ongoing portfolio analysis was that we did not have enough exposure to “what could go right?” stocks. Over the years, our team has done extensive work on companies with exceptional or plainly improving business trends. Along the way, we have tried to follow Mr. Buffett’s advice not to “pay a very high price for a cheery consensus” for their stocks. And, in many cases, we have been left in the dust. The “March Madness” market turmoil gave us a chance to own five new “on deck” companies at reasonable-to-good prices across a range of scenarios.
Over time, our investment team has built a deep knowledge base within the semiconductor industry. Three of our five new portfolio additions reside in the semiconductor value chain. The AI data center infrastructure buildout has been “the” theme of the past few years, and it is no stretch to say that ASML, Taiwan Semiconductor, and NVIDIA Corporation (NASDAQ:NVDA) have been three of the best companies in the world. NVIDIA has a linchpin position in the accelerated computing revolution, with a complete ecosystem fueled by an integrated hardware and software platform.” (Click here to read the full text)”
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.
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