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10 Multibagger Stocks to Buy According to Wall Street

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Wall Street’s AI trade just had one of its worst weeks in years. Politics and inflation hit it at the same time. The Nasdaq Composite posted its deepest one-day drop since April 2025 last week, after Democrats swept the midterm elections and investors began weighing tougher scrutiny of AI and limits on data center construction. The Cboe Volatility Index climbed to a seven-month high the same day.

Why the AI Selloff Hit Chip and Data Center Stocks So Hard

Stocks first cheered the election. They closed sharply higher the day after the vote because the result cleared up political uncertainty. Then chipmakers and data center operators fell, even as the biggest, cash-rich AI spenders rose. A slower buildout eases cash demands on the companies doing the spending, but it squeezes the operators and suppliers whose growth depends on fast construction.

Scott Chronert, head of US equity strategy at Citi Research, said a change in the pace of the data center buildout changes the basic path for many of those suppliers. Our list of oversold AI stocks where Wall Street analysts see 50% upside or more covers more of the group.

Hot Inflation Puts the Fed Back in Focus

Inflation added a second worry. The Labor Department said consumer prices rose 0.4% in October, a third straight gain of 0.4% or more. Economists polled by Reuters had expected 0.3%. Markets now fully price in a Federal Reserve rate increase of at least 25 basis points in December, up from 84% a day earlier, according to CME FedWatch.

Fed Governor Christopher Waller said the central bank should raise rates in December even if inflation had cooled. He said a half-point move should be considered if the picture worsened. Jason Ware, chief investment officer at Albion Financial Group, said investors began to wonder whether the Fed worried more about inflation than they did, and sold some stocks.

The rout wiped out trillions of dollars in market value and clouded the outlook for a global economy the AI boom has been supporting. Readers following the chip side of the trade can find more names in our list of the best semiconductor stocks to buy for the next decade. Ahead of the Fed’s December meeting, traders expect about two more quarter-point increases in total this cycle, according to LSEG data.

Our Methodology

For this article, we used Finviz to screen for US-listed stocks with an average upside potential of at least 75% upside, as of November 11, 2026. We ranked the 10 with the most upside in ascending order of this metric. We also list each stock’s number of hedge fund holders as of Q2 2026, from our database of 1,006 hedge funds.

At Insider Monkey, we are obsessed with what hedge funds do. 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. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 612% since May 2014, beating its benchmark by 375 percentage points (see more details here).

10 Multibagger Stocks to Buy According to Wall Street

10. SK Hynix (NASDAQ:SKHY)

Average Upside Potential: 89%

Number of Hedge Fund Holders: N/A

Rosenblatt Securities analyst Kevin Cassidy raised his price target on SK Hynix to $400 from $320 on October 28 and kept a Buy rating, the day the chipmaker reported a record quarter. He thinks the market is misreading memory. Long-term contracts already cover more than half of 2027 and 2028 capacity, and management expects much higher revenue and profit next year.

Revenue rose 328% from a year earlier, and operating margin hit 80%. The South Korean company makes the DRAM and NAND chips that store data in servers, plus the high bandwidth memory that sits next to AI processors. Management says demand will outrun supply through 2030, and HBM4, its newest high bandwidth chip, becomes its main product in the fourth quarter.

Whether margins that high can last is something we explored for SK Hynix.

9. Nebius (NASDAQ:NBIS)

Average Upside Potential: 90%

Number of Hedge Fund Holders: 86

Nebius beat third-quarter revenue estimates and changed how customers pay. Revenue jumped 571% from a year earlier to $980.8 million, above the roughly $907 million analysts expected. Customer prepayments on third-quarter deals covered more than 100% of the related capital spending, compared with 50% to 60% in the previous quarter.

Group adjusted EBITDA was $465.8 million, against a loss of $5.2 million a year ago, and the margin widened to 47.5% from 40.6% in the second quarter. Management cautioned against reading too much into that. The quarter included revenue recognized at a point in time that does not recur in the same form. That revenue was about $325 million, booked under the asset-light model. Yahoo FinanceYahoo Finance

Nebius rents AI computing capacity from its own data centers to companies that train and run AI models, and the spending to build that capacity is the other side of the quarter. Full-year 2026 capital spending is now expected at around $27 billion, up from $20 billion to $25 billion.

For 2027, the company projects revenue of $12 billion to $13 billion. It will stop guiding to annualized run-rate revenue and guide revenue, pre-tax earnings and capacity instead. Our earlier piece on Nebius’s pricing power and why its earnings do not show it yet goes deeper.

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