Billionaire Mario Gabelli’s 10 Large-Cap Stock Picks with Huge Upside Potential

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1. NVIDIA Corporation (NASDAQ:NVDA)

Gamco Investors Equity Stake: $42.93 Million

Market Capitalization as of May 5: $2.75 Trillion

Stock Upside Potential as of May 5: 44.29%

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor giant that designs and develops graphic processing units that are key to powering artificial intelligence models and are also used in gaming platforms. The company has lost about 18% in market value due to factors outside its control. US export controls on chips, a tariff-fueled trade war, and concerns over spending on AI have all hit the stock’s sentiments hard.

Amid the headwinds, Piper Sandler maintains an Overweight rating with a $150 price target. The bullish stance stems from the strong demand for AI-focused data center chips. Concerns about a slowdown in AI infrastructure spending appear to be overblown. Taiwan Semiconductor has already affirmed that it expects AI chip revenue to double this year.

Alphabet hinting that it is the first cloud provider to leverage Blackwell Processors further affirms NVIDIA Corporation’s (NASDAQ:NVDA) revenue base. Google plans to spend $75 billion in capital expenditure in 2025, with Oracle also deploying Nvidia’s Blackwell processor, which underscores the ready market for chip giant products.

While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher 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 NVDA 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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