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

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1. Elastic N.V. (NYSE:ESTC)

Tudor Investment Corporation Equity Stake: $21.01 Million

Stock Upside Potential as of May 7: 59.47%

Number of Hedge Fund Holders: 64

Elastic N.V. (NYSE:ESTC) is a search AI company that provides search, observability, and security solutions. It offers a search AI platform built on Elasticsearch that enables businesses to harness AI to find answers to their data in real time. It is one of the billionaire Paul Tudor Jones’ 10 stock picks, with huge upside potential, as it increasingly capitalizes on artificial intelligence opportunities.

Elastic N.V. (NYSE:ESTC) has already confirmed the availability of Elastic Cloud Serverless on Amazon Web Services. It has also been integrated with Google Cloud’s Vertex AI platform. The integration is part of Elastic NV’s bid to make it easier for developers to build next-generation generative AI experiences. Additionally, it has inked a strategic partnership with Tines to offer security and observability workflow automation.

Elastic N.V. (NYSE:ESTC) remains well-positioned to scale its footprint in cloud native enterprises owing to its partnerships with Google and Amazon. That was clear as the company’s top line increased by 17% in the third quarter of fiscal 2023, attributed to a 26% growth in cloud revenues. Likewise, Morgan Stanley analyst Sanjit Singh reiterated an Overweight rating on the stock on April 16 despite cutting the price target to $120 from $140. The bullish stance comes as the analyst expects the integration of generative AI in the cloud and into applications to be a key growth driver.

While we acknowledge the potential of Elastic N.V. (NYSE:ESTC) 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 ESTC 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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