Billionaire Steve Cohen’s 10 Large-Cap Stock Picks With Huge Upside Potential

1. NVIDIA Corporation (NASDAQ:NVDA)

Market Cap as of April 24: $2.51 Trillion

Point72 Asset Management’s Equity Stake: $562.55 Million

Analysts’ Upside Potential as of April 24: 64.04%

Number of Hedge Fund Holders: 223

NVIDIA Corporation (NASDAQ:NVDA) is a technology company that designs and develops the most advanced chip systems and software for artificial intelligence. It also provides graphics computing and networking solutions for data centre computing platforms and end-to-end networking platforms.

NVIDIA Corporation (NASDAQ:NVDA) has been under pressure as the company remains the subject of trade tariffs and export control curbs. Likewise, analysts at Citi have lowered their stock price target to $163 from $150, concerned by a slowdown in data center spending in the US. Rising competition in the AI chip market and a significant increase in manufacturing costs due to trade wars are other headwinds.

Management has already reiterated that new US controls on exports of artificial intelligence chips will cost the company about $5.5 billion. The US government has already informed the company that it will bid for a special license to export its H20 chips made specifically for Chinese markets.

Since 2022, NVIDIA Corporation (NASDAQ:NVDA) has produced a number of specific chips for Chinese clients, including the A800, H800 and the H800’s successor. The company has had to develop Chinese-specific chips to adhere to US regulations that seek to limit China’s access to hardware required for AI innovation. The focus on China does not come as a surprise, as the Chinese market accounted for 13% or $17 billion of Nvidia’s revenue in its fiscal year 2025.

While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that 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 NVDA but that trades at less than 5 times its earnings check out our report about this cheapest AI stock.

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

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