We recently published a list of Billionaire Chase Coleman’s 10 Stocks with Huge Upside Potential. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other Billionaire Chase Coleman’s stocks with huge upside potential.
Equity markets achieved an unprecedented winning streak over the past two years at the back of an artificial intelligence-driven run. Major US indices were on a roll, soaring to record highs as investors tailored their investments to opportunities around the revolutionary technology. Chase Coleman is one hedge fund manager who benefited from the impressive run by investing his hedge fund’s money in some of the top-performing AI stocks.
Founded by Coleman in 2001, Tiger Global Management LLC was one of the best-performing hedge funds after gaining 24% in 2024. The impressive return came on the billionaire investor betting on some of the biggest companies with significant exposure to artificial intelligence.
Fast forward, Coleman is one of the most significant casualties of the broader stock market correction. With the S&P 500 pulling back by about 6% and tech-heavy Nasdaq down by about 8%, the billionaire investor has felt the full brunt of the artificial intelligence-driven run cooling off. A good number of Tiger Global Management stock holdings have shed more than 10% in market value as the overall stock market correction gathers steam.
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While up to 20% pullbacks might rattle most investors, billionaire Investor Coleman’s strategy focuses on long-term investing. Consequently, he is never perturbed by short-term market corrections. Coleman continues to maintain significant holdings in tech giants on expectations the segment will continue growing amid the artificial intelligence boom.
“Think about it in terms of companies investing in these technologies, and how well they use it,” he said, giving the example of Amazon using ChatGPT to facilitate shopping. “It’s going to be gradual. Be patient.”
Our Methodology
We combed Tiger Group Management LLC SEC Q4 2024 13F filings to identify Billionaire Chase Coleman’s 10 Stocks with Huge Upside Potential. We focused on stocks that have pulled back significantly and therefore command significant upside potential. We then analyzed the stocks on why they stand out, as solid value investments. Finally, we ranked the stocks in ascending order based on their upside potential.
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)
Tiger Global Management LLC’s Stake Value: $1.3 Billion
Upside Potential as of April 30: 56.55%
Number of Hedge Fund Holders: 223
NVIDIA Corporation (NASDAQ:NVDA) is a technology giant that engineers the most advanced chips, systems, and software key to the artificial intelligence revolution. It is best known for its graphic processing units used in AI models and data centers. After years of blockbuster gains, the stock has pulled back by about 21% year-to-date on the AI-driven rally fizzling. Amid the pullback, it is one billionaire Chase Coleman’s stocks with huge upside potential as spending on AI infrastructure soars.
On April 28, Morgan Stanley reiterated an Overweight rating on NVIDIA Corp (NASDAQ:NVDA) and cut the price target to $160 from $162. The bullish stance comes on growing optimism that the need for more inference chips will drive demand for Nvidia’s chips even as the company faces strong supply export controls. The chip giant has already warned it will lose about $5.5 billion in revenue owing to new restrictions on the sale of its H20 series, tailored explicitly for the Chinese market. Nevertheless, the $5.5 billion hit represents a portion of about $16 billion in H20 orders, with over $10 billion worth of products already shipped.
Amid the headwinds, analysts at Mizuho are optimistic about NVIDIA Corp’s (NASDAQ:NVDA) long-term prospects, especially with the shipment of the GB200 series and the expansion of testing capacity for more complex GPU racks. Additionally, the semiconductor heavyweight boasts of a solid 114.2% revenue growth over the last 12 months and remains in a solid, liquid position to weather the near-term headwinds.
Overall, NVDA ranks 1st on our list of Billionaire Chase Coleman’s stocks with huge upside potential. While we acknowledge the potential of NVDA 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 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.
