We recently published a list of Top 12 Tech Stocks to Buy According to Billionaire Ken Fisher. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other top tech stocks to buy according to billionaire Ken Fisher.
Under the umbrella of Fisher Asset Management, Billionaire Ken Fisher has maintained a positive stance on technology stocks, particularly those within the “Magnificent Seven.” While emphasizing the strong performance of these large-cap growth companies, Fisher emphasizes that the ongoing bull market extends beyond just these high-profile names. According to him, the 2024 rally has been broader than it is generally perceived, with growth stocks, especially in tech and communication services, consistently outperforming their value and small-cap counterparts.
Ken Fisher’s discussion revealed a notable trend: tech stocks have tended to outperform during market upswings and underperform during downturns. This pattern, evident throughout the statistics of 2024, strengthens the theory that if investors believe in a continuing bull market, technology stocks will likely remain strong performers. Although they may not always lead the market consistently or across every metric, according to historical evidence, their overall performance consistently outshines most other sectors and groupings.
Fisher’s perspective suggested that while technology stocks may not dominate the market indefinitely, their performance still serves as a bellwether for broader market sentiment. He stated that investing in these companies is not about expecting perfection but recognizing that in bullish environments, they tend to deliver higher returns. At the same time, he warned against focusing too narrowly on these names, as the broader growth category spanning across sectors is also poised to benefit from favorable market conditions.
In summary, Fisher Asset Management’s investment approach shows confidence in the long-term prospects of technology stocks. Though Ken Fisher concedes there are no certainties in the market, he points to a clear directional relationship: when the market rises, these stocks tend to rise more; when it falls, they decline more. For Fisher, this reinforces the strategic value of maintaining strong exposure to tech-driven growth stocks in a bullish environment.
Our Methodology
We searched through Fisher Asset Management’s Q4 2024 13F filings to identify the top tech stocks that the firm is invested in. From the resultant data, we ranked the technology equities based on his hedge fund’s stake value in each holding. Additionally, we have mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close-up of a colorful high-end graphics card being plugged in to a gaming computer.
NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders as of Q4: 223
Fisher Asset Management’s Equity Stake: $13.2 Billion
NVIDIA Corporation (NASDAQ:NVDA) continues to assert its dominance, holding an estimated 80% market share in the high-performance GPU market despite the premium pricing of its products. Being the primary supplier of advanced graphics processing units to major technology firms, NVIDIA remains a critical player in the global AI infrastructure race. The recent launch of its Blackwell architecture has further solidified its leadership, offering superior performance and energy efficiency that caters to the growing demands of AI workloads and data center applications.
This technological leadership has translated into exceptional financial performance as well. In Q4 2024, NVIDIA Corporation (NASDAQ:NVDA) reported record-breaking revenue of $39.3 billion, marking a 12% sequential increase and an impressive 78% year-over-year surge. A key driver of this growth was a 93% expansion in the company’s data center segment, which reflects the surging demand for AI capabilities across industries. Looking ahead, NVIDIA projects a revenue of $43 billion for the April quarter, representing a 9% sequential increase and a 65% jump from the same period last year, well above analysts’ expectations of $42.1 billion.
According to analysts, NVIDIA Corporation (NASDAQ:NVDA) is expected to post earnings of $0.93 per share for the current quarter, a 52.5% increase from the same period last year. For the full fiscal year, the consensus earnings estimate stands at $4.41 per share, reflecting a 47.5% year-over-year improvement. While guidance suggests a gradual deceleration in growth heading into FY2026 Q1, the overall financial outlook remains robust. Analysts highlight a significant contraction in the company’s price-to-sales (P/S) ratio, signaling potential undervaluation. Given that revenue growth remains in line with historical averages, analysts have upgraded NVIDIA’s stock to a Buy rating, viewing the current technical weakness and valuation levels as a potential entry point for long-term investors even during a time of short-term volatility, and reinforcing its position as top tech stock to buy in our list.
Overall, NVDA ranks 2nd on our list of top tech stocks to buy according to billionaire Ken Fisher. While we acknowledge the potential of tech companies, 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.
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Disclosure: None. This article is originally published at Insider Monkey.