10 Defensive Stocks Billionaire Ken Fisher Is Betting On

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1. Walmart Inc. (NYSE:WMT)

Beta Value: 0.71

Dividend Yield: 1.13%

Fisher Asset Management’s Q4 Stake:  $4.4 billion

Number of Hedge Fund Holders: 116

Walmart Inc. (NYSE:WMT) is the world’s largest brick-and-mortar retailer, with over 100,000 stores. The company’s business sectors include Walmart US, Walmart International, and Sam’s Club, which provide a variety of products such as apparel, electronics, and home items.

Walmart Inc. (NYSE:WMT) recently announced a $6 billion investment plan for Mexico, which would take effect this year. This plan intends to increase the company’s footprint by building additional outlets and creating over 5,500 direct employment. In parallel, analysts at DA Davidson and Jefferies have maintained Buy ratings on Walmart Inc. (NYSE:WMT) shares, with price targets of $117 and $120, respectively. Both firms emphasize Walmart’s upcoming Investment Community Meeting, during which the company will likely reveal development initiatives and technological breakthroughs.

Walmart Inc. (NYSE:WMT) reported solid fourth-quarter earnings, with sales up 5.2% and adjusted operating income up 9.4% on a constant currency basis. E-commerce performance has also increased dramatically, with online sales accounting for 18% of total revenue, up 1,100 basis points since fiscal 2020.

While we acknowledge the potential for WMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%.  If you are looking for an AI stock that is more promising than WMT but  trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks To Invest In According to Billionaires.

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