Billionaire Paul Tudor Jones’ 10 Stocks Picks with Huge Upside Potential

4. NVIDIA Corporation (NASDAQ:NVDA)

Tudor Investment Corporation Equity Stake: $116.39 Million

Stock Upside Potential as of May 7: 44.65%

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor giant that designs and manufactures graphic processing units and related technologies at the heart of artificial intelligence and high-performance computing. While the stock has pulled back significantly from its record highs, it is one billionaire Paul Tudor Jones’ 10 stock picks with huge upside potential amid the artificial intelligence frenzy.

Although NVIDIA Corporation (NASDAQ:NVDA) has dominated the semiconductor sector with its GPUs for powering AI models, its stock has received a rare Sell rating from Seaport Global Securities analyst Jay Goldberg. The Sell rating comes amid growing concerns that the company will feel the full brunt of recent export restrictions targeting China. Nevertheless, the analyst insists Nvidia remains the dominant player in developing advanced chips and is not at risk of losing its market-leading position.

However, NVIDIA Corporation (NASDAQ:NVDA) plans to launch a downgraded H20 AI chip for China in July, following U.S. export restrictions on the original model. The company aims to retain its market presence despite tighter semiconductor regulations. The modified H20 will have reduced memory capacity, though customers may adjust its performance. Nvidia’s China sales totaled $17B, or 13% of its revenue, in the fiscal year ended January 26.

For investors who believe in the AI opportunity overall, the company is a long-term play because of its strong position in both market share and innovation, which should help it overcome short-term obstacles. NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang has already reiterated that the market for AI chips is poised to reach $50 billion in China, insisting that the company should have access to the country.