Billionaire Ken Fisher’s Top 12 High-Growth Stock Picks

In this article, we will discuss Billionaire Ken Fisher’s Top 12 High-Growth Stock Picks.

Growth stocks have outperformed value stocks by an average of 7.8% over the past year. Since March, the Morningstar US Growth Index has risen by over 20% compared to a 3.5% gain for value stocks. The outperformance has come amid lower interest rates and a boom in mega-cap technology companies.

The latest earnings season has also eased concerns that growth stocks would come under pressure on a potential AI bubble.

“AI isn’t a bubble that’s going to burst anytime soon – the underlying fundamentals are robust. The AI story has further to go, and investors should make the most of it while these opportunities still exist,” said chief equity strategist Michael Field

Increased spending by hyperscalers and other companies has reinforced confidence and the long-term outlook for growth stocks. Likewise, the recent pullback following the US-Iran war led to a significant decline in valuations, favoring growth stocks.

“We had valuations come down at the same time as earnings growth is still expanding,” said Patrick Ryan, chief investment strategist at Madison Investments. “It’s just kind of a perfect storm to get a pretty sizable snapback.”

Fisher Asset Management is one hedge fund well-positioned to capitalize on any upswing in growth stocks following the recent correction. Founded in 1979 by billionaire investor Ken Fisher, the hedge fund has a significant inclination toward large-cap technology and growth stocks, which account for 23% of the portfolio. The hedge fund boasts of an impressive 1-year return of 27% and a five-year return of 56%.

Our Methodology

To curate our list of Billionaire Ken Fisher’s 12 growth stock picks, we scanned Fisher Asset Management’s Q1 2026 13F filings, using Insider Monkey’s 13F database. We used the Finviz screener and growth ETFs to identify companies with strong earnings, revenue, or price momentum, focusing on those expected to grow EPS by at least 10% annually over the next five years. From that pool, we narrowed the list to firms with recent developments likely to influence investor sentiment. From there, we used the Q1 2026 Insider Monkey database to check the hedge funds sentiment around each stock. Finally, we ranked the stocks based on the value of Fisher Asset Management’s stake in them.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

Billionaire Ken Fisher’s Top High-Growth Stock Picks

12. Micron Technology Inc (NASDAQ:MU)

Fisher Asset Management’s Stake:$7.9 Million

Number of Hedge Fund Holders: 154

EPS Growth Next 5 Years: 133.16%

Micron Technology Inc (NASDAQ:MU) is one of billionaire Ken Fisher’s top high growth stock picks. Micron has emerged as one of investors’ favorite semiconductor stocks amid the AI boom. The stock has surged more than 196% year-to-date and exploded 720% over the past year.

Micron Technology Inc (NASDAQ:MU) has been approved to supply HBM4 memory for Nvidia’s Vera Rubin platform. According to a Bloomberg report on June 5, Micron is already producing for the Nvidia platform as its launch nears. Micron joins Samsung and SK Hynix as HBM4 suppliers for the Vera Rubin platform.

The Vera Rubin platform is Nvidia’s next-generation AI accelerator, and it is set for deliveries in Q3 2026. The race is on to meet the platform’s advanced memory demand. The HBM4 memory that Micron has been selected to supply for the Nvidia platform is the most advanced high-bandwidth memory product and a crucial component of AI servers. It supports the high-bandwidth computing capacity needed to efficiently train and run AI models.

Demand for HBM4 memory has surged amid the rapid buildout of AI infrastructure. The Nvidia approval gives Micron a foothold in one of the AI market’s fastest-growing segments.

Micron Technology Inc (NASDAQ:MU) is an American semiconductor company focused on memory products. The company manufactures memory chips and data storage products used in consumer devices, cars, and AI data center facilities.

11. Tesla Inc (NASDAQ:TSLA)

Fisher Asset Management’s Stake: $12.9 Million

Number of Hedge Fund Holders: 123

EPS Growth Next 5 Years: 24.60%

Tesla Inc (NASDAQ:TSLA) is one of billionaire Ken Fisher’s top high growth stock picks. Tesla shares have gained roughly 27% over the past year.

On June 5, JPMorgan upgraded Tesla Inc (NASDAQ:TSLA) stock rating to Neutral from Underweight and raised the price target to $475 from $145. The brokerage cited Tesla’s push into new business lines that present future growth opportunities.

According to JPMorgan, businesses like autonomous driving, humanoid robots, software services, and AI chips could reshape Tesla’s earnings profile over the next decade. Additionally, the firm pointed out that Tesla’s level of vertical integration across hardware and software is unmatched, and that this aspect remains underappreciated.

JPMorgan estimates that Tesla’s EPS could surge to $7.50 by 2030, from roughly $1.95 in 2026. Moreover, the brokerage sees Tesla’s revenue more than doubling from $95 billion in 2025 to $203 billion in 2030. It expects the company’s newer businesses, like services, robotics, and autonomous driving, to contribute nearly half of the projected topline growth. Across Tesla’s various business lines, JPMorgan sees a $3.9 trillion addressable market opportunity for the company.

Elon Musk-led Tesla Inc (NASDAQ:TSLA) makes electric vehicles that run on batteries. Tesla has several vehicle models in its portfolio, including a pickup truck. While making and selling cars is its primary business line, Tesla also runs energy storage, autonomous ride-hailing, and robotics businesses.

10. Advanced Micro Devices Inc (NASDAQ:AMD)

Fisher Asset Management’s Stake: $125.1 Million

Number of Hedge Fund Holders: 134

EPS Growth Next 5 Years: 62.52%

Advanced Micro Devices Inc (NASDAQ:AMD) is one of billionaire Ken Fisher’s top high growth stock picks. AMD stock has had a strong start to 2026, gaining more than 114% year-to-date. This semiconductor stock has surged more than 290% over the past year.

On June 8, Advanced Micro Devices Inc (NASDAQ:AMD) and Imperial College London announced a partnership focused on AI, high-performance computing, and scientific research.

According to AMD, the partnership brings together its advanced computing technology with Imperial College’s research capabilities to help tackle complex scientific problems. The parties will leverage AI to support research projects in fields such as healthcare, climate science, engineering, and materials discovery.

AMD and Imperial plan to work together beyond research. For instance, the parties seek to create opportunities for students and researchers through internships, workshops, and pilot programs. Moreover, they plan to support startups with computing resources and technical expertise.

In the end, AMD and Imperial hope to strengthen sovereign AI capabilities, support interoperable computing systems, and develop next-generation AI talent.

Advanced Micro Devices Inc (NASDAQ:AMD) is a global semiconductor company based in California. The company, often called AMD, designs computer processors and graphics chips used in a variety of applications. AMD chips can be found in laptops, gaming consoles, and data centers.

9. Applied Materials Inc (NASDAQ:AMAT)

Fisher Asset Management’s Stake:$144.3 Million

Number of Hedge Fund Holders: 138

EPS Growth Next 5 Years: 28.14%

Applied Materials Inc (NASDAQ:AMAT) is one of billionaire Ken Fisher’s top high growth stock picks. Applied Materials shares have gained more than 85% since the beginning of 2026 and have surged more than 187% over the past year.

On June 10, Applied Materials Inc (NASDAQ:AMAT) officially opened its new manufacturing facility in Singapore. This $500 million plant is part of the company’s efforts to nearly double its global production capacity to meet the growing demand for AI chips. As part of this expansion, the company plans to increase its Southeast Asia workforce by 25% this year.

Speaking at the opening event, Applied Materials CEO Gary Dickerson said there was strong demand from all their different customers. The company expects the demand to continue into 2027 and beyond.

Applied Materials’ semiconductor business is expected to grow more than 30% in 2026 and keep growing at that rate in the coming years. Moreover, the company expects revenue from sales of advanced packaging tools to increase 50% in 2026. This growth is expected to be fueled by expanding high-bandwidth memory production and increasing adoption of 3D stacking technology.

Roughly half of Applied Materials’ global manufacturing capacity is in Singapore. Moreover, Singapore is becoming a key logistics center and R&D hub for the company. To strengthen its supply chain resilience, Applied Materials is bringing more regional suppliers closer to its Singapore manufacturing center.

California-based Applied Materials Inc (NASDAQ:AMAT) supplies the semiconductor manufacturing sector. It provides the equipment, services, and software used to produce semiconductor chips and flat panel displays.

8. Alibaba Group Holding Ltd (NYSE:BABA)

Fisher Asset Management’s Stake: $642.6 Million

Number of Hedge Fund Holders: 102

EPS Growth Next 5 Years: 42.59%

Alibaba Group Holding Ltd (NYSE:BABA) is one of billionaire Ken Fisher’s top high growth stock picks. On June 8, the Pentagon blacklisted Alibaba Group Holding Ltd (NYSE:BABA) on claims that the company has ties with the Chinese military. Alibaba denies the accusations and has vowed to fight to clear its name.

According to Citi analyst Alicia Yap, the Pentagon’s blacklisting does not affect Alibaba’s fundamental business operations. The analyst expects no impact on the company’s revenue or earnings because of the Pentagon’s list. The list relates to defense procurement, and Alibaba does not have a contract with the Pentagon.

As the Pentagon blacklisted it, Alibaba sought to direct attention to its expanding AI operations. On June 8, the South China Morning Post reported that Alibaba has consolidated its key AI teams under a new unit called Token Foundry. The report further stated that Alibaba CEO Eddie Wu was directly in charge of this unit.

AI-related offerings are driving profitability in Alibaba’s cloud division. The company expects AI offerings to account for more than 50% of its cloud revenue in about a year, up from around 30% now.

Alibaba Group Holding Ltd (NYSE:BABA) is a Chinese multinational technology company. It operates online marketplaces, provides cloud computing services, and offers logistics and entertainment services. The company operates through various brands, including the namesake Alibaba, Taobao, Tmall, and AliExpress.

7. ServiceNow Inc (NYSE:NOW)

Fisher Asset Management’s Stake: $839.8 Million

Number of Hedge Fund Holders: 108

EPS Growth Next 5 Years: 20.90%

ServiceNow Inc (NYSE:NOW) is one of billionaire Ken Fisher’s top high growth stock picks. ServiceNow shares have gained more than 16% over the past month, and analysts see more upside in the stock.

On June 4, ServiceNow Inc (NYSE:NOW) and Cognizant announced a partnership focused on enhancing AI governance for enterprise customers. In this arrangement, ServiceNow will integrate Cognizant’s Neuro AI Trust feature into its AI Control Tower solution. This tie-up is intended to strengthen and simplify how companies manage and govern AI systems at scale.

ServiceNow targets regulated enterprises with this integrated AI governance offering. The goal is to ensure that AI stays accountable to the people and regulators that depend on it.

According to the company, the offering enables customers to plan with clarity and operate with confidence. This helps remove the trust constraint in AI adoption and supports faster deployment and audit readiness. The company also noted that this offering supports the enterprise efforts to close the gap between AI investment and business outcomes.

ServiceNow Inc (NYSE:NOW) provides a cloud-based platform for automating and connecting business workflows. Its solution helps companies to boost operational efficiency by replacing manual processes and disjointed tools across departments.

6. Cisco Systems Inc (NASDAQ:CSCO)

Fisher Asset Management’s Stake: $1.3 Billion

Number of Hedge Fund Holders: 97

EPS Growth Next 5 Years: 11.31%

Cisco Systems Inc (NASDAQ:CSCO) is one of billionaire Ken Fisher’s top high growth stock picks. In the past month, Cisco shares have soared more than 20%. The stock is up more than 58% year-to-date.

Cisco Systems Inc (NASDAQ:CSCO) has landed a role in AT&T’s in-car entertainment platform. The arrangement involves Cisco providing multi-party billing capabilities on the platform, according to a June 3 press release. The solution that Cisco brings is designed to streamline how partners work together on that platform.

AT&T provides a platform designed to make it easy for automakers to offer in-car entertainment as part of connected vehicle offerings. This platform gives automakers the flexibility to offer individual content experiences or bundled packages. The AT&T platform provides a single interface for automakers and content providers to deploy in-car infotainment experiences.

AT&T reached out to Cisco to simplify billing across the platform. Cisco will offer its SIM management technology to the platform to enable multi-party billing capabilities. With this, different content providers can independently manage their service relationships and connectivity on the same vehicle-embedded SIM. This integration is meant to make the in-car entertainment rollout more efficient.

Cisco Systems Inc (NASDAQ:CSCO) provides technology for networking infrastructure. These include routers, switches, wireless access points, and software that connect computers and data centers globally. The company also provides cybersecurity services, collaboration tools, and billing technology.

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