35 Non-Tech AI Opportunities Amid DeepSeek Selloff

3. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 75

Costco Wholesale Corporation (NASDAQ:COST) engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, and Australia. This company presents a highly rewarding investment opportunity for several reasons. Notably, according to the report for the third quarter of 2024, the company reported net sales of $78.2 billion, an increase of 1.0% compared to net sales of $77.4 billion in the fourth quarter of fiscal year 2023. For the fourth quarter of the fiscal year, the company reported net sales of $249.6 billion, an increase of 5% from $237.7 billion reported in the fourth quarter of the prior year. This shows the company’s ability to maintain revenue growth and manage fiscal year variations effectively. Moreover, the company is planning to construct a new warehouse in Westgate West Shopping Center. This would serve the local community with competitively priced goods and services from nationally known brands and regional businesses.