Ken Fisher’s Top 5 Stock Picks

In this article, we will take a look at Ken Fisher’s top 5 stock picks. To see more such companies, go directly to Ken Fisher’s Top 15 Stock Picks.

5. NVIDIA Corporation (NASDAQ:NVDA)

Ken Fisher’s Stake: $3.6 billion

Wall Street continues to remain bullish on NVIDIA Corporation (NASDAQ:NVDA) despite the stock’s huge bull run this year on the back of the generative AI boom. Raymond James analyst Srini Pajjuri recently reiterated his bullish take on NVIDIA Corporation (NASDAQ:NVDA) as he believes demand for GPUs is “significantly” outpacing supply amid a huge spending boom in AI.

Ken Fisher has been enjoying huge gains from NVIDIA Corporation (NASDAQ:NVDA) this year since he has a $3.6 billion stake in the company.

Baron Fifth Avenue Growth Fund made the following comment about NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2023 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) Corporation is a fabless semiconductor company focused on designing chips and software for gaming and accelerated computing. Shares continued their torrid first quarter rise, increasing 52.3% in the second quarter (now up 190% year-to-date), after the company reported a meaningful acceleration in demand for its data center GPUs, which drove a material guidance beat with revenues expected to increase from $7.2 billion to approximately $11 billion sequentially. This unprecedented acceleration is driven by growing demand for GenAI. We are at the tipping point of a new era of computing with NVIDIA at its epicenter. While the opportunity within the datacenter installed base is already large at approximately $1 trillion, the pace of innovation in AI in general, and GenAI in particular, should drive a significant expansion in the addressable market, as AI creates a new way for human-computer interaction through language, and as companies are better able to utilize their data for decision-making. We remain shareholders as we believe NVIDIA’s end-to-end AI platform and the ecosystem it has cultivated over the last 15 years will benefit the company for years to come.”