Billionaire George Soros’ Long-Term Stock Picks

10. indie Semiconductor, Inc. (NASDAQ:INDI)

Number of Hedge Fund Holders: 12 

Soros Fund Management’s Stake: $10.3 million

indie Semiconductor, Inc. (NASDAQ:INDI) provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicles, in-cabin, connected cars, and electrification applications. The following key aspects make this company a standout investment. Firstly, the report for the third quarter of 2024 showed commendable financial growth. For instance, the revenue increased 3.1% sequentially to $54 million, above the mid-point of the outlook, with Non-GAAP gross margin up sequentially to 50.4%, showing improved financial performance. In addition, the company’s continued design-win momentum has been broad across the extensive product portfolio, particularly in vision and radar, which now comprise over 72% of Indie’s strategic backlog. This reflects strong demand and a clear focus on high growth, suggesting robust long-term revenue potential. Moreover, the company has announced a strategic investment in Expedera, a leading provider of scalable Neural Processing Unit (NPU) semiconductor intellectual property (IP). Through this partnership, indie will leverage Expedera’s NPU IP to develop innovative next-generation ADAS solutions with embedded artificial intelligence (AI) processing capabilities.