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Top 5 Stock Picks of John Hurley’s Cavalry Asset Management

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In this article, we discuss top 5 stock picks of John Hurley’s Cavalry Asset Management. If you want to read our detailed analysis of Hurley’s investment philosophy and portfolio construction, go directly to the Top 10 Stock Picks of John Hurley’s Cavalry Asset Management.

5. Tesla, Inc. (NASDAQ:TSLA)

Cavalry Asset Management’s Stake Value: $55,775,000
Percentage of Cavalry Asset Management’s 13F Portfolio: 5.2%
Number of Hedge Fund Holders: 72

Tesla, Inc. (NASDAQ:TSLA) manufactures electric automobiles. It also provides services relating to these products. On October 24, Morgan Stanley analyst Adam Jonas retained an ‘Overweight’ rating on Tesla, Inc. (NASDAQ:TSLA) stock while trimming his price objective from $350 to $330. According to Jonas, Tesla’s third-quarter report, although in line with consensus expectations, was better and of higher quality than predicted.

Cavalry Asset Management made its first investment in Tesla, Inc. (NASDAQ:TSLA), during the first quarter of 2017, purchasing shares worth about $12.09 million. In Q2 2022, the hedge fund bought an additional 30,833 Tesla, Inc. (NASDAQ:TSLA) shares, increasing its position in the company by 60%. As a result, the fund’s TSLA stake amounted to over $55.78 million in Q2, representing 5.2% of Cavalry Asset Management’s portfolio.

As per Insider Monkey’s Q2 data, the number of hedge funds holding stakes in Tesla, Inc. (NASDAQ:TSLA) decreased to 72 by the end of Q2, down from 80 at the end of Q1. The total stake value of those 72 funds was roughly $7.17 billion. In the third quarter of 2022, Catherine D. Wood’s ARK Investment Management, with shares worth nearly $1.08 billion, is a prominent Tesla, Inc. (NASDAQ:TSLA) investor among those funds.

In its Q2 2022 investor letter, Carillon Tower Advisers mentioned Tesla, Inc. (NASDAQ:TSLA). Here is what the firm had to say:

 “Tesla, Inc. (NASDAQ:TSLA), the electric vehicle and clean energy company, is set to recall more than 100,000 cars in China over a potential safety risk and is reportedly delaying a plan to restore production at its Shanghai plant. CEO Elon Musk was reported to have said that the company would cut 10% of salaried staff and freeze hiring due to a bad feeling he has about the economy.”

Follow Tesla Inc. (NASDAQ:TSLA)

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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