Is Nvidia (NVDA) The Best AI Stock Pick of Billionaire Ken Fisher?

We just covered Billionaire Ken Fisher’s Latest Portfolio: 10 Best AI Stocks to Buy. Nvidia Corp (NASDAQ:NVDA) ranks #1 (see the 5 Best AI Stocks to Buy).

Billionaire Ken Fisher’s Stake: $16.05 billion

Tech companies continue to increase their AI spending plans, chip demand is rising and yet the market seems to have gone numb to the positive news cycle for Nvidia Corp (NASDAQ:NVDA) when it comes to the stock price. Nvidia shares are down about 4.5% over the past six months. But Nvidia Corp (NASDAQ:NVDA) bulls believe the stock is still a good buy for the long term and will rebound once the geopolitical tensions and AI bubble fears recede. How?

Nvidia Corp (NASDAQ:NVDA) chip demand can continue to rise due to its new Vera Rubin (R100) architecture, which is optimized for agentic AI. Companies are moving from simply training models to running them at scale, which supports Nvidia’s expectation that its data center revenue could hit $1 trillion.

Some believe Nvidia’s Corp (NASDAQ:NVDA) valuation has finally become attractive for long-term investors to move in.  The stock has a forward P/E of roughly 20x to 22x, almost in line with that of the S&P 500. According to Goldman estimates, Nvidia is expected to drive 21% of the total earnings growth for the S&P 500 in 2026. With Big Tech companies expected to spend a whopping $600 billion on capital expenditures in 2026 alone and new AI use cases coming, Nvidia Corp (NASDAQ:NVDA) remains an attractive buy at the current levels.

Baron Opportunity Fund said in its Q4 letter that NVDA has been a ten-bagger for it and recalled how it piled into the stock during its early days and the company’s future. (Click here to read the full text

Billionaire Ken Fisher’s Latest Portfolio: 10 Best AI Stocks to Buy

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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