In this article, we will list the Top 5 Stocks to Buy According to Whale Rock Capital Management. Please visit Top 10 Stocks to Buy According to Whale Rock Capital Management if you would like to see the extended list and the methodology behind it.
5. Broadcom Inc. (NASDAQ:AVGO)
Whale Rock’s Stake Value: $228,152,820
Stock Upside: 38.98%
Number of Hedge Fund Holders: 173
Broadcom Inc. (NASDAQ:AVGO) is one of the top stocks to buy according to Whale Rock Capital Management. On June 30, Jefferies analyst Blayne Curtis reiterated his Buy rating and $550 price target on Broadcom Inc. (NASDAQ:AVGO). The analyst cited an improving outlook for the company’s AI chip business.
A key pillar of Curtis’ thesis is Broadcom’s improving visibility into FY2028 earnings. In fact, Jefferies ran a scenario analysis that points to earnings per share of between $30 and $40 for that year, which translates into a valuation multiple of roughly 10 times earnings.
Curtis also pointed to an on-track roadmap for Broadcom’s custom Tensor Processing Units, the AI chips it co-designs with Google. He noted that this partnership now extends through 2031 under a long-term agreement that guarantees minimum revenue and offers potential upside of more than $500 billion over that period.
Beyond Google, Jefferies highlighted a broadening customer base for Broadcom’s application-specific integrated circuits (ASICs). These are the custom chips built for individual AI customers. According to the analyst, the broadening customer is an encouraging sign that the company is diversifying away from reliance on a single buyer. One example of such diversification is Broadcom’s new partnership with OpenAI, through which the two companies unveiled Jalapeno. This is OpenAI’s first custom AI accelerator chip designed specifically for running large language model inference workloads.
Broadcom Inc. (NASDAQ:AVGO) is a semiconductor and infrastructure software company. It designs, develops, and supplies semiconductor devices and software solutions, including networking connectivity products, wireless device connectivity components, server and storage system solutions, and broadband access technologies.
4. Carvana Co. (NYSE:CVNA)
Whale Rock’s Stake Value: $275,885,427
Stock Upside: 41.29%
Number of Hedge Fund Holders: 79
Carvana Co. (NYSE:CVNA) is one of the top stocks to buy according to Whale Rock Capital Management. On June 24, Carvana Co. (NYSE:CVNA) announced plans to bring Inspection and Reconditioning Center (IRC) capabilities to its existing ADESA Sarasota wholesale auction site in Bradenton, Florida.
The move adds extra vehicle reconditioning capacity to Carvana’s national network, which means it can inspect more used cars, repair, and prepare them for sale. Carvana stated that because of the new IRC, customers along the Florida Gulf Coast could receive their vehicles as soon as the same day once the new inventory pool is running.
Brian Boyd, Senior Vice President of Inventory at Carvana, stated that he expects the IRC integration to create around 100 new jobs in inspection, reconditioning, and vehicle fulfillment. These positions do not require a college degree and come with full benefits, and that hiring for the roles has already started, Boyd said. Boyd added that the expansion strengthens the company’s national network and its customer offering.
ADESA Sarasota has operated as a wholesale auto auction facility for 20 years. It sits on roughly 60 acres with over 3,000 parking spaces, which gives Carvana enough room to run both the IRC and the existing wholesale auction side without disruption. The company detailed that its proprietary software platform, CARLI, will manage the site’s shift into an IRC-enabled facility.
Carvana Co. (NYSE:CVNA) is an e-commerce platform company. It operates an online marketplace for buying and selling used cars in the United States, offering vehicle acquisition, inspection, and reconditioning; online search and shopping; financing; complementary products; and logistics network services.
3. Meta Platforms Inc. (NASDAQ:META)
Whale Rock’s Stake Value: $293,256,102
Stock Upside: 45.34%
Number of Hedge Fund Holders: 262
Meta Platforms Inc. (NASDAQ:META) is one of the top stocks to buy according to Whale Rock Capital Management. On June 30, Reuters reported that a federal judge in Oakland, California, rejected Meta Platforms Inc.’s (NASDAQ:META) attempt to dismiss a lawsuit filed by dozens of US state attorneys general, who accuse the company of intentionally designing Facebook and Instagram to be addictive to children while hiding the resulting harm from the public.
US District Judge Yvonne Gonzalez Rogers issued the ruling late on Monday (June 29) night, said Reuters. It added that the judge denied Meta’s motion to dismiss claims tied to deception, unfair business practices, and violations of the federal Children’s Online Privacy Protection Act (COPPA). COPPA requires companies to get parental consent before collecting data from children under 13.
On the COPPA issue specifically, the judge found that it was undisputed that Meta failed to properly notify parents or obtain their consent as the law requires. The 38-page ruling stated that there remain real factual disagreements that a jury needs to resolve, including whether Meta’s platforms are actually addictive, whether the company falsely denied designing them that way, and whether it partly targeted children with these features, Reuters noted.
Reuters added that the judge pointed to internal Meta statements claiming its platforms were not built to cause compulsive use among teens. The judge said a jury could reasonably conclude those statements were misleading if evidence shows the platforms were in fact engineered that way.
This decision means the case will move forward toward trial. As such, both parties will get the chance to present evidence and expert testimony on how Facebook and Instagram’s design affects young users.
Meta Platforms, Inc. (NASDAQ:META) is a technology company. It develops products that enable people to connect and share through mobile devices, personal computers, virtual reality headsets, and wearables. The company operates through the Family of Apps and Reality Labs segments.
2. Amazon.com Inc. (NASDAQ:AMZN)
Whale Rock’s Stake Value: $378,934,561
Stock Upside: 34.26%
Number of Hedge Fund Holders: 353
Amazon.com Inc. (NASDAQ:AMZN) is one of the top stocks to buy according to Whale Rock Capital Management. On July 1, NiCE, a leader in CX AI, announced that Amazon Web Services, Inc. (AWS), a component of Amazon.com Inc. (NASDAQ:AMZN), had selected the company as a launch partner for the AWS European Sovereign Cloud. This is a newly established independent cloud region built specifically for Europe.
As part of the deal, NiCE will make its agentic AI-powered customer experience platform, CXone, available within this sovereign cloud environment. The goal is to allow European businesses in regulated industries to use AI-driven customer service tools while keeping their data within EU borders.
NiCE said the collaboration is particularly aimed at organizations in heavily regulated sectors such as the public sector, financial services, and healthcare. In these areas, strict rules govern how customer data can be stored, processed, and moved. NiCE added that the setup will enable businesses to deploy NiCE’s AI agents, real-time copilots, workflow automation, and AI-driven analytics tools.
Dorothy Copeland, NiCE’s Chief Partner Officer, said the company’s AI is built specifically for organizations that cannot compromise on reliability, security, and compliance. She added that extending it to AWS’s sovereign cloud lets Europe’s most regulated organizations adopt advanced AI while meeting their sovereignty requirements.
Commenting on the development, independent analyst Oru Mohiuddin of IDC noted that sovereign cloud environments are shifting from being a mere compliance checkbox to becoming a genuine driver of innovation. The driver for this change is organizations increasingly wanting systems that satisfy data rules while still delivering modern AI capabilities, Mohiuddin said.
Amazon.com, Inc. (NASDAQ:AMZN) is a retail and technology company. It engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores. The company also operates Amazon Web Services, which provides compute, storage, artificial intelligence, database, analytics, and machine learning services.
1. Alphabet Inc. (NASDAQ:GOOGL)
Whale Rock’s Stake Value: $768,308,847
Stock Upside: 20.32%
Number of Hedge Fund Holders: 265
Alphabet Inc. (NASDAQ:GOOGL) is one of the top stocks to buy according to Whale Rock Capital Management. On June 30, Google, an Alphabet Inc. (NASDAQ:GOOGL) subsidiary, officially shut down the Tenor API. The company said via a post on its developer support site that it was discontinuing the tool that developers used to let third-party apps like Bluesky, X, WhatsApp, and Discord pull animated GIFs from Tenor’s library.
Tenor is a GIF search engine that Google acquired in 2018. The company said the service will keep running as a consumer-facing website and app, so ordinary users can still browse and save GIFs directly through Tenor.com or its dedicated apps.
Google first announced the wind-down in January 2026, when it stopped accepting new API sign-ups and new integrations. It gave existing developers roughly five months to prepare before the final cutoff. The company then terminated all API and advertising distribution agreements tied to Tenor on June 30.
Google explained that the shutdown will allow it to concentrate engineering resources on improving its core Tenor product. It added that its own products are unaffected by the shutdown and that integrations within Gboard, Google Messages, and Google Chat will keep working normally.
An ARS Technica report noted that third-party platforms have had to scramble to replace the lost functionality. X’s head of product, Nikita Bier, posted on the platform saying that they have migrated their GIF picker away from Tenor.
Alphabet Inc. (NASDAQ:GOOGL) is a technology holding company. It operates through Google Services, Google Cloud, and Other Bets segments, offering products and services including YouTube, Android, Chrome, Google Drive, Gmail, Google Photos, Google Maps, Google Play, Search, ads, and devices.
While we acknowledge the potential of GOOGL 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 GOOGL and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: Top 10 AI Stocks to Buy According to Billionaire Philippe Laffont and 10 Best Dividend Stocks Yielding at Least 5% to Buy According to Hedge Funds.
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