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5 Best Multibagger Stocks to Buy Now

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In this article, we discuss the 5 best multibagger stocks to buy now. To read the details about our prior multibagger stocks, go to 10 Best Multibagger Stocks to Buy Now.

5. Spotify Technology S.A. (NYSE:SPOT)

Number of Hedge Fund Holders: 68

1-Year Share Price Gain as of April 19: 106.88%

Spotify Technology S.A. (NYSE:SPOT) offers audio streaming subscription services all over the globe. As of April 19, the stock price increased 106.88% during the last 12 months and it is one the best multibagger stocks to buy now. On April 18, Benchmark analyst Mark Zgutowicz raised the price target on Spotify Technology S.A. (NYSE:SPOT) to $325 from $290 and maintained a Buy rating on the shares.

Hedge fund sentiment was positive toward Spotify Technology S.A. (NYSE:SPOT) in Q4 of 2023 as hedge funds with investments in the stock were 68 in the quarter, with positions worth $2.635 billion. This is compared to 53 funds with positions worth $1.3 billion in the prior quarter. Ken Griffin’s Citadel Investment Group is the top investor in the company as of Q4 of 2023. In the quarter, the firm increased its stake by a whopping 3128% to 1.656 million shares worth $311.169 million.

Artisan Partners commented on Spotify Technology S.A. (NYSE:SPOT) in its first quarter 2024 investor letter:

“Among our top Q1 contributors were Chipotle, Shockwave Medical and Spotify Technology S.A. (NYSE:SPOT) is a leading global audio streaming franchise with 600 million monthly active users. We believe its position in the supply chain is solid given a secular trend around the fragmentation of music as well as internal product and pricing initiatives. Shares rallied after the company reported strong earnings results, including growth of 23% for monthly active users, 15% for premium subscribers and 16% for revenue. The company also reported 140bps of gross margin expansion, to 26.7%, which we believe still has further to go due to likely price increases, potentially better terms with labels and further cost discipline.”

Follow Spotify Technology S.a. (NYSE:SPOT)

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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