We have recently released an article entitled Millionaire Ken Fisher's 10 Technology Stocks With Significant Growth Possibilities In this piece, we will examine how NVIDIA Corporation (NASDAQ:NVDA) measures up against other tech stocks.
In 2025, technology stocks experienced increased volatility, largely driven by dramatic shifts in market mood following President Donald Trump’s stringent trade measures. Tech equities suffered their most substantial decline since the onset of the COVID-19 crisis when Trump declared extensive tariffs on all incoming products, specifically imposing a 34% tax hike on items from China, thereby intensifying concerns about an international trade conflict. A leading smartphone manufacturer was at the forefront of significant drops within what has been termed “The Magnificent Seven,” seeing its stock price fall more than 9% because of its heavy dependence on Chinese production facilities. Major competitors likewise saw their values dip between 8% and 9%, whereas firms specializing in semiconductors and personal computers encountered even steeper falls exceeding ten percent each. Consequently, indices heavily weighted towards technological sectors like the NASDAQ dropped by 6%, representing its largest single-day decrease in half a decade, amplifying overall yearly depreciation past the threshold of -14%.
In spite of the recent upheaval, an overarching positive sentiment toward technology and growth stocks persists due to long-term tendencies. It’s worth highlighting Ken Fisher's perspective on this matter. Fisher Asset Management He has pointed out that although large technology companies frequently encounter challenges, they generally perform well during bull markets and indicate overall market optimism. According to his analysis, the surge in 2024 was broader than most people acknowledge, with technology and communications sector stocks driving growth universally. Despite typically falling further during downturns, these tech stocks have historically shown resilience and strong recovery capabilities, making them appealing choices for long-term investment strategies. Consequently, this highlights why, despite considerable fluctuations, tech stocks maintain crucial importance for diversified investment portfolios, especially as the market picks up speed again.
Indications of a possible recovery emerged toward the end of April when significant indices saw a moderate uptick on April 24th, driven partly by strong performance among technology stocks. This positive shift was spurred by news indicating that both the U.S. and China were restarting their trade discussions, contrary to previous statements made by Chinese officials denying such negotiations. President Trump also mentioned potentially reducing certain tariffs which further alleviated near-term concerns; however, overall doubt remained elevated. Experts observed that the recent decline in tech stock prices had positioned the market as oversaturated, paving the way for temporary rallies. Nonetheless, cautious sentiment persists due to inconsistent financial updates from various companies along with increasing expenses within different sectors, underscoring how uncertain trade policies can affect not only the technological sector but also wider equity markets.
Our Methodology
For this article, we scanned Fisher Asset Management’s Q4 2024 13F filings to identify billionaire Ken Fisher's technology stock picks with the highest upside potential. We compiled the tech equities with upside potential higher than 27% at the time of writing this article and discussed why they stood out as sound potential investments. Finally, we ranked the stocks based on the ascending order of their upside potential. To assist readers with more context, we mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024.
Why do we focus on the stocks that hedge funds amass? It’s straightforward: our studies indicate that mimicking the leading stock choices from premier hedge funds allows us to exceed market performance. Each quarter, our quarterly newsletter recommends 14 small-cap and large-cap stocks through this approach, achieving a return of 363.5% since May 2014, surpassing its benchmark by 208 percentage points. see more details here ).
A detailed view of a vibrantly colored premium graphics card being inserted into a gaming PC.
NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders as of Q4: 223
Fisher Asset Management’s Equity Stake: Million
Upside Potential as of April 30: 53.27%
NVIDIA Corporation (NASDAQ:NVDA), a global leader in GPU-accelerated computing, continues to revolutionize the tech industry with its high-performance graphics processing units, powering innovations across gaming, professional visualization, data centers, and automotive sectors.
In the fourth quarter of fiscal year 2025, NVIDIA Corporation (NASDAQ:NVDA) reported a record-breaking revenue of $39.3 billion, demonstrating a staggering 78% year-over-year growth. GAAP earnings per diluted share climbed to $0.89, reflecting strong operational performance and expanding demand for NVIDIA’s AI and data center technologies.
NVIDIA Corporation (NASDAQ: NVDA) currently stands at the center of rising tensions between the US and China regarding the export of cutting-edge technologies, notably due to stricter regulations imposed by Washington concerning the sales of artificial intelligence chips to Chinese companies. Following new guidelines from the U.S. Commerce Department, NVIDIA needs to secure export permits for its H20 AI chip—a product initially developed within previous regulatory constraints. Regardless of this challenge, NVIDIA continues to be a key participant in the competitive field of generative AI, supporting systems like ChatGPT through their hardware solutions. These limitations form part of an overarching American initiative aimed at limiting China's reach into sophisticated AI tech, alongside efforts to enhance local semiconductor manufacturing; exemplified recently by NVIDIA's announcement of a $500 billion investment plan focused on AI servers in the USA, along with TSMC’s added commitment of $100 billion towards expanding operations in Arizona.
In order to protect its stakes in China, which represented 13% of its overall revenue from the previous year, NVIDIA CEO Jensen Huang made a trip to Beijing. During his stay, he engaged with high-ranking government figures as well as prominent industry insiders such as the co-founder of DeepSeek. Huang reiterated NVIDIA’s dedication to the Chinese marketplace, stressing ongoing cooperation even amidst challenging political circumstances. This journey took place against a backdrop of heightened examination into international semiconductor distribution networks and an expanding rift within technology sectors led separately by the U.S. and China.
Despite this, the investment community continues to show robust confidence in NVIDIA Corporation (NASDAQ:NVDA). The share carries a forecasted target price of $167.09, indicating a possible increase of 53.27%. It ranks high amongst the substantial growth prospects highlighted by tycoon Ken Fisher. This positive outlook underscores NVIDIA’s pivotal role in shaping the future of artificial intelligence and advanced computational technologies. Consequently, it attracts investors who see it as a key player in advancing technology amid today’s divided international tech arena.
Alger Spectra Fund provided the following commentary on NVIDIA Corporation (NASDAQ: NVDA) in their Q4 2024 report. investor letter :
“ NVIDIA Corporation (NASDAQ: NVDA) stands out as a premier provider of Graphics Processing Units (GPUs) tailored for numerous sectors like gaming, personal computers, data centers, virtual reality, and advanced computing. Known for spearheading developments in key areas within the tech landscape—especially artificial intelligence and supercomputing—the firm excels at employing parallel processing methods to tackle intricate computational challenges. We see NVIDIA’s technological prowess as pivotal for advancing AI capabilities, making their technology indispensable for widespread AI implementation. During this period, NVIDIA saw significant share price gains fueled primarily by substantial market interest in its server-related offerings, particularly the impressive sales figures from their latest Hopper H200 chip series, contributing over ten billion dollars in earnings—a record-breaking launch speed for them. Leadership confidently projected higher-than-expected revenues for Q4 alongside solid profit margins bolstered by consistent client demand and minimal competitive pressure. We think NVIDIA is strategically placed due to its dominance in building scalable AI frameworks, notably through innovations in real-time application optimization and dynamic adjustment strategies used during inferencing phases. This strategic positioning drives broader enterprise engagement and startup investment, sustaining robust uptake of both their cutting-edge hardware components and proprietary software suites. With legacy models being redeployed into less intensive tasks and newer systems rolling out globally, NVIDIA appears primely set to meet escalating demands across various AI-driven fields."
Overall NVDA ranks 3rd Among billionaire Ken Fisher’s tech stock recommendations with significant growth prospects, we find ourselves more inclined toward AI stocks, which we believe offer better opportunities for substantial returns over a shorter period. One particular AI stock has seen gains year-to-date despite many prominent AI shares dropping approximately 25% during the same time frame. For investors seeking an AI-focused option that shows stronger potential compared to NVDA yet trades below five times its earnings, consider reviewing our detailed analysis of this opportunity. cheapest AI stock .
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Disclosure: None. This article is originally published at Insider Monkey .
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