In this article, we will look at the Top 10 Tech Stocks in Louis Navellier’s Portfolio.
Technology stocks have powered major US benchmark indices to record highs after a rebound from losses fueled by the Iran war. Technology stocks were on the receiving end, with some plunging into correction territory amid concerns about economic disruptions from advances in artificial intelligence. The outbreak of the war in Iran accelerated the sell-off, with the tech-heavy Nasdaq 100 plunging by more than 10%.
Fast forward, tech stocks have bounced back, with the Nasdaq 100 powering to new record highs amid growing confidence that the US and Iran will reach a peace deal. Strong US corporate earnings in the tech sector have also fueled demand for risk-taking.
“The market is continuing to lean in to the notion of some sort of end to this conflict, whatever that looks like,” said Liz Ann Sonders, chief investment officer at the Schwab Center for Financial Research.
Hyperscalers and semiconductor companies continue to attract strong interest as they remain well-positioned to benefit from accelerating cloud demand and solid order backlogs. According to Goldman Sachs Group Inc. strategists led by Ben Snider, tech stocks are well poised for significant gains as spending on AI infrastructure shows no signs of slowing.
“The surge in spending estimates is driving a similar rise in earnings estimates for AI infrastructure companies, helping lift the earnings outlook for the broad market and skewing risks to our S&P 500 EPS estimates to the upside,” Snider and his colleagues wrote.
Veteran fund manager and best-selling author Louis Navellier insists the tech rally is in play, especially amid hopes of a resolution in the Middle East. The Founder of Navellier & Associates, known for uncovering the best growth stocks while deploying quantitative and fundamental analysis, also insists the AI theme is white-hot, as evidenced by the 36.7% gain in the semiconductor sector over the past month.
The fund manager has also touted a potential rethink of major software companies after they were hammered early in the year. With that in mind, let’s take a look at some of the top tech stocks in Louis Navellier’s portfolio.
Louis Navellier of Navellier & Associates
Our Methodology
For this article, we selected stocks by combing through the 13F portfolio of Navellier & Associates at the end of the first quarter of 2026. We listed the top technology stocks in the hedge fund’s portfolio by equity stake holdings. We also detailed the stock’s upside potential (as of May 8) and the number of elite hedge funds holding stakes in them in Q4 2025. Finally, we ranked the stocks in ascending order based on Navellier & Associates equity stakes in the stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows 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 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Top Tech Stocks in Louis Navellier’s Portfolio
10. Amazon.com, Inc. (NASDAQ:AMZN)
Stock Upside Potential: 17.36%
Navellier & Associates Equity Stake: $3.86 Million
Number of Hedge Fund Holders: 381
Amazon.com (NASDAQ:AMZN) is one of the top tech stocks in Louis Navellier’s portfolio. On May 11, Bloomberg reported Amazon.com (NASDAQ:AMZN) plans to issue Swiss franc bonds to fund artificial intelligence spending. The tech giant has reportedly engaged the services of BNP Paribas, Deutsche Bank, and JPMorgan Chase as it considers a six-part Swiss franc bond sale with maturities ranging from three to twenty-five years.
Amazon joins other tech companies that have issued bumper-sized bonds to diversify beyond dollar-denominated debt and raise much-needed capital for AI infrastructure development. Alphabet has already raised $3.9 billion in Swiss bonds to fund its AI efforts. Tech giants are turning to the Swiss market for debt as they plan to invest $725 billion in AI data center equipment, among other expenditures, this year.
Similarly, Amazon is strengthening its prospects in the pharmaceutical sector by adding Novo Nordisk’s Ozempic pill for the treatment of type 2 diabetes to its kiosks and same-day delivery. It is to offer same-day delivery in 3,000 locations, with plans to expand to 4,500 by year’s end. Ozempic addition follows the early-year inclusion of Novo Nordisk’s weight-loss drug Wegovy, as the company looks to capitalize on the growing opportunity in diabetes treatment and weight-loss management.
Amazon.com, Inc. (NASDAQ:AMZN) is a diversified technology company and retail giant focused on e-commerce, cloud computing, digital streaming, and artificial intelligence. It operates the world’s largest online marketplace, provides infrastructure via AWS, produces entertainment content, and develops consumer electronics like Kindles and Alexa-enabled devices.
9. Microsoft Corporation (NASDAQ:MSFT)
Stock Upside Potential: 33.09%
Navellier & Associates Equity Stake: $6.56 Million
Number of Hedge Fund Holders: 312
Microsoft Corporation (NASDAQ:MSFT) is one of the top tech stocks in Louis Navellier’s portfolio. On May 6, Stifel reiterated its Hold rating on Microsoft Corporation (NASDAQ:MSFT) and a $415 price target. The cautious outlook is in response to the company’s “leases not yet commenced” reaching $196.6 billion.
The leases have more than doubled over the past nine months and are expected to have a significant impact on future financial results. Like other cloud vendors, the software giant has turned to finance leases for AI cloud infrastructure due to the scale, size, and rapid growth in demand for AI cloud workloads. Stifel maintains a Hold rating on Microsoft due to concerns that leases have a material impact on interest expense, which acts as a headwind to earnings-per-share growth.
On the other hand, Bloomberg reports that Microsoft is considering delaying or abandoning its 2030 target of matching 100% of electricity use with renewable energy purchases. That’s because the hour-by-hour matching commitment was more ambitious than the company’s target of buying enough renewable energy.
Microsoft Corporation (NASDAQ:MSFT) is a leading global technology company that develops, licenses, and supports a wide range of software, hardware, services, and AI solutions. Its main business includes cloud computing (Azure), operating systems (Windows), productivity software (Microsoft 365), and gaming (Xbox).
8. Super Micro Computer Inc. (NASDAQ:SMCI)
Stock Upside Potential: 1.94%
Navellier & Associates Equity Stake: $7.19 Million
Number of Hedge Fund Holders: 39
Super Micro Computer Inc. (NASDAQ:SMCI) is one of the top tech stocks in Louis Navellier’s portfolio. On May 6, Needham reiterated a Buy rating on Super Micro Computer Inc. (NASDAQ:SMCI)and a $40 price target. The bullish stance contrasts with the company’s third-quarter fiscal 2026 revenue, which fell short of expectations.
However, Super Micro Computer exceeded earnings estimates, benefiting from stronger gross margins. Net sales in the quarter fell sequentially to $10.2 billion compared to $12.7 billion in Q2 2026. The revenue shortfall was attributed to delays in customer site-readiness and to certain component shortages.
Super Micro Computer generated $483 million in net income, a significant improvement from $109 million in the third quarter of fiscal 2025. Diluted net income per common share nearly tripled to $0.84 versus $0.31 in Q3 2025.
The robust earnings growth came as the company increasingly transformed into a total datacenter infrastructure provider. Addition of new US manufacturing facilities in Silicon Valley positions the company to meet the massive demand for AI and enterprise verticals.
The company expects revenue in the fiscal fourth quarter of 2026 to range between $11.0 billion and $12.5 billion, with non-GAAP net income per diluted share of $0.65 to $0.79.
Super Micro Computer Inc. (NASDAQ:SMCI) designs, develops, and manufactures high-performance, energy-efficient server and storage solutions for data centers, AI, cloud computing, 5G, and edge computing.
7. Lam Research Corporation (NASDAQ:LRCX)
Stock Upside Potential: 16.91%
Navellier & Associates Equity Stake: $7.30 Million
Number of Hedge Fund Holders: 104
Lam Research Corporation (NASDAQ:LRCX) is one of the top tech stocks in Louis Navellier’s portfolio. On May 5, Seaport Research analyst Jay Goldberg initiated coverage of Lam Research Corporation (NASDAQ:LRCX) with a Buy rating and $300 price target.
The bullish stance comes amid expectations that the company is well-positioned to benefit as the wafer fabrication equipment industry enters one of the strongest cycles in recent history. The sector is experiencing massive secular demand for compute amid the artificial intelligence revolution. In addition, opportunities are emerging amid the complexity and intensity required to build leading-edge semiconductors.
Seaport Research expects Lam Research Corp to benefit from the strong cycle, especially in the memory segment. The sentiments come amid the company delivering record revenue and earnings per share in the March quarter, as AI-driven demand continues to reshape the semiconductor industry. Revenue totaled $5.84 billion compared to $5.34 billion for the December quarter. Diluted earnings per share also improved to $1.47 from $1.27 in the December quarter.
Lam Research Corporation (NASDAQ:LRCX) is a leading global supplier of innovative wafer fabrication equipment and services used by semiconductor companies to create chips. They design and manufacture machines that perform critical processes—such as etching and deposition—to build smaller, faster, and more efficient microchips for electronic devices.
6. AppLovin Corporation (NASDAQ:APP)
Stock Upside Potential: 29.49%
Navellier & Associates Equity Stake: $9.69 Million
Number of Hedge Fund Holders: 108
AppLovin Corporation (NASDAQ:APP) is one of the top tech stocks in Louis Navellier’s portfolio. On May 7, Wolfe Research reiterated an Outperform rating on AppLovin Corporation (NASDAQ:APP) and raised the price target to $580 from $575.
The bullish stance and price target hike comes on the heels of AppLovin Corp delivering impressive first-quarter 2026 results driven by mobile advertising and e-commerce growth. Revenue in the quarter was up 59% year over year to $1.84 billion. Net income was up 109% to $1.2 billion as adjusted EBITDA totaled $1.56 billion, up 66% year over year.
Diluted earnings per share came in at $3.56 as the company also repurchased 2.2 million shares at a total cost of $1 billion. Mobile gaming advertising and e-commerce were the catalysts behind the robust first-quarter results, as April’s monthly revenue exceeded that of any previous fourth-quarter month, which is usually the strongest season.
The growth momentum is expected to continue in the second quarter, with management forecasting revenue of between $1.915 billion to $1.945 billion. Adjusted EBITDA is expected to be between $1.615 billion and $1.645 billion.
AppLovin Corporation (NASDAQ:APP) is a leading mobile technology company that provides AI-powered software solutions to help developers and businesses market, monetize, and publish their apps. Their platform connects advertisers with users, primarily driving growth for mobile apps through advanced analytics, in-app bidding, and AI-driven ad targeting.
While we acknowledge the potential of APP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APP and that has 100x upside potential, check out our report about the cheapest AI stock.
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