10 Best 52-Week Low NASDAQ Stocks to Buy According to Billionaires

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4. Cerebras Systems (NASDAQ:CBRS)

Number of Billionaire Holders: 21

Number of Hedge Fund Holders: 78

Cerebras fell after a single report. Research firm SemiAnalysis said OpenAI would run the “Ultrafast” mode of its newest model on Nvidia chips instead of Cerebras hardware, and CNBC reported that the stock dropped nearly 20% that week, to its lowest since the May IPO, as insider lockups expired and more shares reached the market. OpenAI is a large piece of Cerebras’s future, so the news stung. OpenAI chief executive Sam Altman soon responded by calling Cerebras a close partner.

Bulls lean on what is already contracted. At the end of June, Cerebras held $25.4 billion in contracted work still to be delivered, and its core revenue of $209.9 million more than doubled from a year earlier. Its cloud business grew 287%, and management said it plans to more than triple revenue in 2027. AWS, AMD and CrowdStrike are among its customers and partners, which widens the list beyond OpenAI. Bulls add that Altman’s response suggests the relationship with its biggest customer remains intact despite the headline.

That backlog is the subject of our look at how Cerebras could turn it into high-margin growth.

3. CoreWeave (NASDAQ:CRWV)

Number of Billionaire Holders: 23

Number of Hedge Fund Holders: 71

CoreWeave’s problem is the price of money, not a lack of customers. The company rents out Nvidia chips and has taken on more than $51 billion of debt and obligations to build capacity. Bond yields near 15% and a jump in the cost of insuring that debt helped drive the stock down 36% in October, CNBC reported. Neocloud shares, which Reuters called a barometer of worry over AI spending, slid again after the midterm elections.

Bulls keep pointing to what customers have already signed. Second-quarter revenue rose 112%, and revenue backlog stood at about $104 billion, a figure that left out more than $25 billion in new commitments added early in the third quarter. Nvidia, which supplies the chips, also invested in the company in January. Management raised its 2026 revenue forecast, so the debate now is how fast those contracts can turn into cash. Bulls add that the backlog gives lenders something concrete to underwrite, which they argue should ease the funding pressure over time as customers begin paying.

Whether that balance sheet can carry the load is a question we explored for CoreWeave.

2. Core Scientific (NASDAQ:CORZ)

Number of Billionaire Holders: 24

Number of Hedge Fund Holders: 75

Core Scientific touched a 52-week low on the very day it reported third-quarter results. The company is turning former bitcoin mines into data centers that lease power and space to AI customers, and that conversion eats cash. Capital spending reached $985.1 million in the quarter. When data center stocks tumbled after the midterm elections, Core Scientific fell 10%, Reuters reported.

The bulls’ answer is that the spending is turning into revenue. Colocation revenue jumped nearly 60% from the prior quarter to $215.4 million, and adjusted EBITDA more than tripled. The company is billing for 485 megawatts of capacity. Chief executive Adam Sullivan said the first colocation agreement is nearing full delivery while construction under a second is underway across five campuses, so contracted capacity still to be delivered keeps the growth going. Bulls add that this scale of billable capacity shows the conversion strategy works in practice, not only on paper. They argue that heavy spending is the price of getting capacity online, and that revenue from leases is now starting to catch up with the outlay.

We recently looked at why Core Scientific keeps buying more power.

1. Sterling Infrastructure (NASDAQ:STRL)

Number of Billionaire Holders: 24

Number of Hedge Fund Holders: 65

Sterling Infrastructure delivered a record quarter and still watched its shares fall, which says a lot about where investor worry sits right now. The company clears land and does the electrical work for data centers, chip plants and factories, so its fortunes follow the AI buildout. Reuters reported that when Democrats won Congress, with gains in Texas and Georgia where opposition to data centers has been growing, operators and suppliers of the buildout sold off on fears of a slower pace.

Bulls say the business itself has not changed. Third-quarter revenue rose 127%, and combined backlog, which includes awards not yet signed, reached $6.14 billion. Management raised its 2026 outlook and counts nearly $8 billion of scoped work once the next phases of current projects are included, which it says gives years of visibility. Chief executive Joe Cutillo credited strong demand and disciplined execution for the results. Bulls add that a backlog of that size, paired with a raised outlook, suggests the pullback reflects sentiment rather than the work in hand.

Our ranking of the best AI infrastructure stocks to hold for the long term covers more of the group.

READ NEXT: Jim Cramer Says Buy the Dip in Sterling Infrastructure (STRL), Just “Don’t Buy It All at Once”and Jim Cramer Doubles Down On CoreWeave (CRWV), Sort Of

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