In this article, we will take a detailed look at the Top 12 Tech Stocks to Buy According to Billionaire Ken Fisher.
Under the umbrella of Fisher Asset Management, Billionaire Ken Fisher has maintained a positive stance on technology stocks, particularly those within the “Magnificent Seven.” While emphasizing the strong performance of these large-cap growth companies, Fisher emphasizes that the ongoing bull market extends beyond just these high-profile names. According to him, the 2024 rally has been broader than it is generally perceived, with growth stocks, especially in tech and communication services, consistently outperforming their value and small-cap counterparts.
Ken Fisher’s discussion revealed a notable trend: tech stocks have tended to outperform during market upswings and underperform during downturns. This pattern, evident throughout the statistics of 2024, strengthens the theory that if investors believe in a continuing bull market, technology stocks will likely remain strong performers. Although they may not always lead the market consistently or across every metric, according to historical evidence, their overall performance consistently outshines most other sectors and groupings.
Fisher’s perspective suggested that while technology stocks may not dominate the market indefinitely, their performance still serves as a bellwether for broader market sentiment. He stated that investing in these companies is not about expecting perfection but recognizing that in bullish environments, they tend to deliver higher returns. At the same time, he warned against focusing too narrowly on these names, as the broader growth category spanning across sectors is also poised to benefit from favorable market conditions.
In summary, Fisher Asset Management’s investment approach shows confidence in the long-term prospects of technology stocks. Though Ken Fisher concedes there are no certainties in the market, he points to a clear directional relationship: when the market rises, these stocks tend to rise more; when it falls, they decline more. For Fisher, this reinforces the strategic value of maintaining strong exposure to tech-driven growth stocks in a bullish environment.
Our Methodology
We searched through Fisher Asset Management’s Q4 2024 13F filings to identify the top tech stocks that the firm is invested in. From the resultant data, we ranked the technology equities based on his hedge fund’s stake value in each holding. Additionally, we have mentioned the hedge fund sentiment around each stock using data from 1,009 hedge funds tracked by Insider Monkey in the fourth quarter of 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Top 12 Tech Stocks to Buy According to Billionaire Ken Fisher
12. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders as of Q4: 96
Fisher Asset Management’s Equity Stake: $2.91 Billion
Advanced Micro Devices, Inc. (NASDAQ:AMD), headquartered in Santa Clara, California, is a leading American multinational semiconductor company. As a fabless hardware designer, AMD develops high-performance computing solutions, including central processing units (CPUs), graphics processing units (GPUs), field-programmable gate arrays (FPGAs), and system-on-chip (SoC) products. The company serves a broad spectrum of markets, from gaming and consumer electronics to enterprise-level data centers, embedded systems, and artificial intelligence (AI) applications.
For the fourth quarter of 2024, Advanced Micro Devices, Inc. (NASDAQ:AMD) posted a record revenue of $7.7 billion, with a gross margin of 51% and an operating income of $871 million. Net income for the quarter stood at $482 million, with diluted earnings per share of $0.29. These strong quarterly results underscored AMD’s momentum in high-performance computing, particularly in the data center and client computing segments, making it a top tech stock to buy.
Advanced Micro Devices, Inc. (NASDAQ:AMD)’s full-year 2024 financials reflected a transformative period for the company. Annual revenue reached a record $25.8 billion, with a GAAP gross margin of 49%, an operating income of $1.9 billion, a net income of $1.6 billion, and earnings per share of $1.00. Chair and CEO Dr. Lisa Su credited the strong performance to the rapid adoption of AMD’s EPYC processors and the success of AMD Instinct accelerators, which alone generated over $5 billion in revenue.
Segment-wise, the Data Center division led AMD’s growth, with quarterly revenue growing 69% year-over-year to $3.9 billion, fueled by robust demand for AMD Instinct GPUs and EPYC CPUs. The Client segment also saw significant growth, posting a record $2.3 billion in revenue, up 58% year-over-year due to strong Ryzen processor sales. Additionally, the Gaming segment reported a revenue of $563 million, demonstrating a 59% decline from the previous year, primarily attributed to lower semi-custom product demand. The Embedded segment earned $923 million, a 13% year-over-year decrease, reflecting uneven demand across end markets.
Artisan Global Opportunities Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q4 2024 investor letter:
“Among our top detractors were Advanced Micro Devices, Inc. (NASDAQ:AMD), Novo Nordisk and Danaher. Shares of AMD declined in Q4, which capped off a frustrating year of stock performance that did not seem to match its fundamental progress. Regarding its AI opportunity, the company accomplished everything we had hoped for over the past 18 months. It successfully entered the market with its MI300 graphic processing unit (GPU) chip and raised its latest 2024 AI-related revenue guidance to $5.0 billion from $4.5 billion. However, its shares have experienced weakness for two primary reasons. First is the emergence of custom AI accelerator chip solutions from Broadcom and Marvell (a Q4 buy) as alternatives to the GPU solutions from NVIDIA and AMD. While this competitive threat is more significant than we had initially anticipated, we continue to be excited about AMD’s opportunity moving forward. We believe the AI-related market will grow to $400 billion–$500 billion in the next three years (compared to $100 billion in 2024). We expect that NVIDIA’s market share will fall from ~90%in2024to60%–80%overthesameperiodasitcedes market share to AMD (from5%in2024to10%–20%) and custom accelerator solutions (from 5% in 2024 to 10%–20%). Under these assumptions, we expect AI GPUs to double AMD’s total 2024 sales. Second is cyclical struggles within other areas of its business. While data center revenues have more than doubled over the past two years, the gaming business is down more than 60%, and embedded (specialized chips found in various industrial and consumer products) is down20%.As its data center business continues to grow and the cyclical areas of its business bounce back, we expect AMD to deliver stronger earnings growth.”
11. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders as of Q4: 105
Fisher Asset Management’s Equity Stake: $3 Billion
Co-founded in 1977 by Larry Ellison, who continues to serve as the company’s executive chairman, Oracle Corporation (NYSE:ORCL) is an American multinational technology giant headquartered in Austin, Texas. Oracle offers enterprise solutions such as database management systems and a comprehensive suite of business applications such as enterprise resource planning (ERP), human capital management (HCM), customer relationship management (CRM), enterprise performance management (EPM), supply chain management (SCM), and customer experience commerce (CX Commerce). With nearly 18 million shares of the company in his portfolio, ORCL stands 11th in the list of top 12 tech stocks to buy according to Ken Fisher.
In its fiscal third quarter ending February 2025, Oracle Corporation (NYSE:ORCL) reported financial results that fell short of analysts’ expectations. Adjusted earnings per share (EPS) was $1.47, just below the consensus of $1.49, while revenue totaled $14.13 billion, slightly short of the projected $14.39 billion. Nevertheless, the company experienced year-over-year revenue growth of 6%, up from $13.3 billion, and posted a significant 22% increase in net income, rising to $2.94 billion compared to $2.4 billion in the same quarter a year prior. The growth was largely driven by Oracle’s cloud services business, which generated $11.01 billion in revenue, up 10% year-over-year, and represented 78% of total sales.
Oracle Corporation (NYSE:ORCL) has partnered with OpenAI and SoftBank in a joint venture named Stargate as part of a broader national AI initiative, which will build data centers in Texas. The company intends to invest approximately $16 billion in capital expenditures this year, more than doubling its spending from the previous year to support these ambitions. For the upcoming quarter, Oracle forecasts revenue growth of 8% to 10%, falling short of analysts’ expectations of 11% growth and a revenue of $15.91 billion. The company also projects adjusted EPS in the range of $1.61 to $1.65, compared to analyst expectations of $1.79. Additionally, Oracle Corporation (NYSE:ORCL) announced an increase in its quarterly dividend from 40 cents to 50 cents per share, underscoring its commitment to delivering shareholder value amid its ongoing transformation into a dominant force in AI-enabled cloud computing.
Artisan Global Opportunities Fund stated the following regarding Oracle Corporation (NYSE:ORCL) in its Q4 2024 investor letter:
“Notable adds in the quarter included GE Vernova and Oracle Corporation (NYSE:ORCL). We believe Oracle is entering an interesting profit cycle as its faster growing business units become a larger percentage of the revenue mix. Most notably, Oracle Cloud Infrastructure (OCI) has undergone a significant product upgrade cycle that will enable it to be the primary incremental top-line growth driver. The company is winning new accounts due to its attractive pricing, flexibility and expanding geographic availability. Also, within its SaaS segment, we believe the companywill benefit from the secular trend toward cloud computing. Oracle experiences a significant profit boost as it moves its lower margin on-premise database business to the cloud (through any cloud provider), which operates at higher margins. The company recently surprised investors by announcing a 2029 revenue target of $104 billion, which implies an acceleration in annual revenue growth to ~16%fromthecurrent ~9%–10%levels. Shares pulled back in the quarter, and we used it as a buying opportunity.”
10. Meta Platforms, Inc. (NASDAQ:META)
Number of Hedge Fund Holders as of Q4: 262
Fisher Asset Management’s Equity Stake: $3.91 Billion
The parent company of Facebook, WhatsApp, Instagram, Messenger, Meta Platforms, Inc. (NASDAQ:META) delivered strong financial performance in 2024, with total revenue reaching $164.5 billion, growing 22% year-over-year. This growth was primarily driven by the strength of its family of apps, contributing $162.4 billion of the total revenue, up from $133 billion the previous year. The company reported a total profit of $62.4 billion, marking a 59% year-over-year increase. Meta’s workforce expanded by 10% in 2024, ending the year with 74,067 employees, reflecting its ongoing strategic growth and investment in innovation.
The fourth quarter alone accounted for 29.4% of Meta Platforms, Inc. (NASDAQ:META)’s annual revenue, generating $48.4 billion in revenue and over $20.8 billion in profit for the period. Meta’s strong Q4 performance included a 21% year-over-year revenue increase, surpassing analyst expectations, while earnings per share (EPS) rose by 50% to $8.02, surpassing the forecasted $6.76. Despite the company’s impressive financial metrics, its Reality Labs division, which focuses on virtual and augmented reality technologies, recorded an operating loss of $5 billion on revenue of nearly $1.1 billion. The company’s expanding influence on emerging technologies, particularly AI integration across its platforms, positions it as a continued leader in the tech sector.
By the end of Q4 2024, 262 hedge funds held stakes in Meta Platforms, Inc. (NASDAQ:META), up from 235 in the previous quarter. Hedge fund holdings in the company surged to approximately $59.4 billion, according to Insider Monkey’s database. This increase reflects investor belief in Meta’s strategic vision and its ability to deliver long-term shareholder value through sustained innovation, robust earnings growth, and a dominant presence in digital advertising.
With over 6.6 million shares reported in its 13F holding, Ken Fisher holds a stake of approximately $3.90 billion in Meta Platforms, Inc. (NASDAQ:META), making it tenth on the list of top tech stocks to buy according to the billionaire.
Rowan Street Capital stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its Q4 2024 investor letter:
“Meta Platforms, Inc. (NASDAQ:META): Investment Initiated: April 2018: Internal Rate of Return (IRR*): 22% *IRR represents the annualized rate of return on an investment, accounting for the timing and magnitude of cash flows over the holding period.
For META, our 22% IRR aligns closely with the company’s compounded growth in earnings per share (EPS) and free cash flow per share during the 6 years holding period.
Looking ahead, Meta is expected to grow its revenues, earnings, and free cash flow per share at mid-teens rates over the next two years. There’s a good possibility that it could exceed these estimates, considering the breadth of growth initiatives currently in place, such as advancements in Al, monetization of Reels, expansion into business messaging, and the ongoing development of the metaverse…” (Click here to read the full text)
9. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders as of Q4: 144
Fisher Asset Management’s Equity Stake: $4.04 Billion
Netflix, Inc. (NASDAQ:NFLX), a streaming media company, delivered a record performance in the fourth quarter of 2024, reporting a 16% year-over-year revenue increase to $10.25 billion and a doubling of earnings per share to $4.27. The company added 18.91 million new subscribers during the quarter, expanding its global user base to 301.63 million. Netflix continues to benefit from its expansive content library and effective pricing strategies, and the company forecasts an additional 13% increase in revenue for 2025. Over the past decade, the company’s revenue has grown by an impressive 609%, and its market capitalization now exceeds $400 billion, reinforcing its position as a top tech stock to buy, especially as a long-term investment.
Immediately following its strong Q4 results, investor sentiment toward Netflix, Inc. (NASDAQ:NFLX) surged. Leading financial institutions reaffirmed their confidence, with J.P. Morgan maintaining a price target of $1,150 and Bernstein setting an even more bullish target of $1,200. Netflix’s disciplined cost management, including efforts to curb password sharing among users and invest selectively in high-performing content, contributed to an improvement in operating margins from 21% in 2023 to 27% in 2024. The company also reported a free cash flow of $6.9 billion for the year, with projections indicating this figure could rise to $8 billion in 2025. Netflix, Inc. (NASDAQ:NFLX)’s ability to grow its global subscriber base, maintain tight financial controls, and remain agile with content investment has positioned it for continued success amid intense competition in the streaming sector.
Institutional interest in Netflix, Inc. (NASDAQ:NFLX) has also grown substantially. According to Insider Monkey’s database, 144 hedge funds held positions in the company at the end of Q4 2024, up from 121 in Q3. The combined value of these holdings reached nearly $19.61 billion, reflecting increasing confidence among major investors in Netflix’s strategic direction and financial strength. With a powerful brand, expanding global presence, and strong financials, Netflix remains one of the most attractive assets in the entertainment and technology investment landscape.
8. Salesforce, Inc. (NYSE:CRM)
Number of Hedge Fund Holders as of Q4: 162
Fisher Asset Management’s Equity Stake: $4.16 Billion
Salesforce, Inc. (NYSE:CRM) is a leading provider of cloud-based software solutions headquartered in San Francisco, California. The company continues to navigate 2025 with a focus on innovation; it recently introduced Agentforce 2dx, a next-generation AI-powered platform designed to enhance both customer service and internal employee workflows. This launch represents Salesforce’s ongoing efforts to evolve its product offerings in response to dynamic enterprise needs and to maintain its position at the forefront of AI-driven enterprise software solutions.
Investor confidence in Salesforce, Inc. (NYSE:CRM) remains resilient, as reflected by a notable increase in hedge fund participation. 162 hedge funds out of 1,009 in Insider Monkey’s database held stakes in the company, with a combined stake of $15 billion by the end of Q4 2024, as opposed to 116 hedge funds at the end of Q3 the same year, signaling growing institutional optimism about the company’s long-term strategic direction.
Salesforce, Inc. (NYSE:CRM) recently reported its financial results for the quarter ending in January 2024, revealing a mixed performance that fell short of analyst expectations. While the company exceeded earnings per share (EPS) forecasts, reporting $2.78 adjusted EPS versus the expected $2.61, its revenue of $9.99 billion narrowly missed the consensus estimate of $10.04 billion. Nevertheless, this represented a 7.6% year-over-year increase in revenue for the quarter ending January 31.
The company’s net income improved to $1.71 billion, or $1.75 per share, up from $1.45 billion, or $1.47 per share, in the same quarter the previous year. This gain highlights Salesforce, Inc. (NYSE:CRM)’s continued ability to expand profitability even amid softer-than-anticipated revenue performance. However, some of its core business segments underperformed relative to market expectations. For example, its largest revenue segment, Subscription and Support, generated $2.33 billion in service revenue, up about 8% year-over-year but below the $2.37 billion forecast.
Parnassus Growth Equity Fund stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q4 2024 investor letter:
“Salesforce, Inc. (NYSE:CRM) reported third-quarter results that exceeded analysts’ expectations, as the integration of AI technology across the customer relationship management software company’s product offerings has driven robust growth in new deals.”
7. Broadcom Inc. (NASDAQ:AVGO)
Number of Hedge Fund Holders as of Q4: 161
Fisher Asset Management’s Equity Stake: $5.54 Billion
Broadcom Inc. (NASDAQ:AVGO), headquartered in Palo Alto, California, continues to establish itself as a major player in the AI and data center infrastructure markets, leveraging its broad portfolio of semiconductor and software solutions. In its first quarter of fiscal 2025, which ended on February 2, 2025, the company reported record financial performance, driven largely by the success of its AI semiconductor solutions and infrastructure software divisions. Total consolidated revenue reached a record $14.92 billion, a 25% increase compared to the same quarter the previous year, beating Wall Street’s estimate of $14.61 billion. Adjusted EBITDA rose 41% year-over-year to $10.1 billion, while free cash flow increased by 28% to $6.0 billion. The company also surpassed earnings expectations, reporting adjusted earnings per share of $1.60 versus the anticipated $1.49.
AI-specific revenues for Q1 totaled $4.1 billion, representing a 77% increase year-over-year. These figures are part of the broader semiconductor solutions business, which itself grew 11% annually to $8.21 billion for the quarter. Infrastructure software revenue also saw a notable rise, jumping 47% to $6.7 billion. Net income for the quarter surged to $5.5 billion compared to $1.33 billion in the year-ago period.
CEO Hock Tan expressed optimism about the company’s continued momentum through 2025, especially in AI. He projected Q2 AI semiconductor revenue to rise further to $4.4 billion, citing strong ongoing investments from hyperscale partners in AI XPUs and connectivity infrastructure. Broadcom Inc. (NASDAQ:AVGO) also issued a bullish Q2 revenue forecast of $14.9 billion, ahead of the consensus estimate of $14.76 billion.
Despite Broadcom Inc. (NASDAQ:AVGO)’s exceptional operational and financial performance, the stock has faced challenges in 2025, falling approximately 23% year-to-date due to investor sentiments about risk assets and broader concerns over potential tariffs under President Donald Trump’s administration. Nonetheless, the company’s robust fundamentals, dominance in AI data center infrastructure, and aggressive growth projections suggest that the company remains well-positioned for sustained success in the rapidly evolving tech landscape.
Parnassus Core Equity Fund stated the following regarding Broadcom Inc. (NASDAQ:AVGO) in its Q4 2024 investor letter:
“Broadcom Inc. (NASDAQ:AVGO) shares gained as the chipmaker achieved record high quarterly revenues driven by AI projects. News that the chipmaker is designing an AI server processor for Apple, in addition to custom chips it makes for other technology giants, further bolstered investor enthusiasm.
Broadcom gained on the strength of better-than-expected sales of AI chips and optimism on the revenue-generating potential of its wide-ranging AI initiatives. We continue to see upside in custom AI chips that Broadcom is well positioned to deliver.”
6. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)
Number of Hedge Fund Holders as of Q4: 186
Fisher Asset Management’s Equity Stake: $5.60 Billion
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturer and a significant part of the global semiconductor supply chain. The company is responsible for producing approximately 90% of the world’s most advanced semiconductor chips, which are used in products like smartphones, laptops, and servers. These high-performance chips are essential for running artificial intelligence applications, making TSMC a critical enabler of the AI revolution. A key supplier to tech giants such as Nvidia and Apple, TSMC continues to play a vital role in shaping the future of technology.
In its most recent financial report, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) exceeded market expectations for both revenue and profit during the fourth quarter of 2024. The company reported a net revenue of NT$868.46 billion (approximately $26.36 billion), surpassing analysts’ projections of NT$850.08 billion. Net income reached NT$374.68 billion, reflecting a remarkable 57% increase compared to the same period the previous year. Revenue also rose significantly, with a 38.8% year-over-year gain. The primary driver of this growth was TSMC’s high-performance computing (HPC) division, which encompasses AI and 5G-related applications and contributed 53% of the company’s total revenue.
Chairman and CEO C.C. Wei has expressed strong confidence in the company’s AI growth trajectory, stating that AI accelerator products accounted for a mid-teens percentage of total revenue in 2024. He further projected that AI-related revenue would double in the fiscal year 2025, underscoring the company’s pivotal role in supporting the global adoption of AI technologies. Despite these optimistic forecasts, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) might face geopolitical headwinds. U.S. restrictions on advanced semiconductor exports to China and evolving trade policies under the incoming administration of President-elect Donald Trump could adversely impact global supply chains.
With over 28 million shares reported in its 13F holding, Ken Fisher held a stake of approximately $5.6 billion in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), making it sixth on the list of top tech stocks to buy according to the billionaire.
Sands Capital Technology Innovators Fund stated the following regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in its Q4 2024 investor letter:
“Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) third-quarter 2024 results and guidance showcased strong continued demand for artificial intelligence (AI) chips. Revenue increased by 29 percent, and earnings saw a 54 percent rise year-over-year. Gross margins were at their highest since 2022, bolstered by price hikes and record utilization at both the 3 nanometer (nm) and 5nm nodes. TSMC’s full-year revenue outlook was revised upward from 25 percent to 30 percent growth. The company also anticipates higher capital expenditure in 2025, a leading indicator for revenue.
Meanwhile, TSMC’s competitive position within the leading-edge chip fabrication industry has improved. The company noted that demand for its next-generation 2nm (N2) node is considerably higher than for its predecessor, N3. Additionally, TSMC has more capacity for N2 than N3. This situation contrasts with Intel and Samsung, which both recently disclosed struggles in ramping up their leading-edge nodes. Together, Intel and Samsung account for approximately $25 billion of foundry revenue, which could potentially migrate to TSMC over time…” (Click here to read the full text)
5. Alphabet Inc. (NASDAQ:GOOGL)
Number of Hedge Fund Holders as of Q4: 174
Fisher Asset Management’s Equity Stake: $9.58 Billion
Alphabet Inc. (NASDAQ:GOOGL) continues to solidify its position at the forefront of the tech industry, driven by advancements in artificial intelligence, cloud computing, and digital advertising. Although advertising on platforms like Search and YouTube remains the company’s primary revenue stream, Google Cloud has emerged as a significant growth engine, posting a 30% year-over-year increase to $12 billion in Q4 2024. Overall, Alphabet Inc. (NASDAQ:GOOGL) reported strong fourth-quarter earnings, with revenue climbing 12% year-over-year to $96.5 billion and earnings per share (EPS) increasing 31% to $2.15, surpassing analyst expectations.
Looking ahead, Alphabet Inc. (NASDAQ:GOOGL) is placing substantial bets on artificial intelligence as a key driver of future growth. CEO Sundar Pichai announced that the company plans to allocate approximately $75 billion in capital expenditures for 2025, largely directed toward the development of generative AI technologies. The upcoming Google Cloud Next conference, set to begin on April 9, is expected to be a pivotal event for the company, with major announcements centered around its Gemini AI models. These models, including the recently introduced Gemma 3, are expected to be among the most powerful in the market, outperforming offerings from competitors such as Meta, DeepSeek, and OpenAI.
The generative AI market is forecasted to grow at an annual rate exceeding 44%, potentially reaching over $47 billion by 2030. Alphabet Inc. (NASDAQ:GOOGL)’s decisive investment in AI could prove to be a game-changer, especially as the company leverages its cloud infrastructure to support enterprise adoption of AI tools. This strategic positioning is expected to not only enhance its competitive edge but also significantly boost revenue in the coming years. For the upcoming quarter, analysts project earnings per share of $2.04, a 7.94% increase from the same period last year, and revenue of $75.67 billion, representing an 11.94% year-over-year growth. For the full fiscal year, Alphabet Inc. (NASDAQ:GOOGL) is expected to generate $334.55 billion in revenue and $8.89 in earnings per share, reflecting steady growth supported by AI advancements and infrastructure investments.
Columbia Threadneedle Global Technology Growth Strategy stated the following regarding Alphabet Inc. (NASDAQ:GOOG) in its Q4 2024 investor letter:
“Alphabet Inc. (NASDAQ:GOOG) (parent company Alphabet) generated strong double-digit returns during the quarter, as the company’s tremendous innovation in AI, along with strength in its core business of search and advertising and a healthy focus on profit growth and shareholder friendly capital allocation, shifted investor focus away from ongoing litigation with the Department of Justice related to market dominance. In the month of December alone, Google released to the public Gemini 2.0, its most capable AI model yet, as well as new generative image and vision models. And if that was not enough, Google also announced progress in quantum computing. Once considered an AI laggard, the flurry of product announcements and AI development did not go unnoticed by the market and the stock reacted accordingly.”
4. Amazon.com, Inc. (NASDAQ:AMZN)
Number of Hedge Fund Holders as of Q4: 339
Fisher Asset Management’s Equity Stake: $9.91 Billion
In the current era dominated by artificial intelligence, Amazon.com, Inc. (NASDAQ:AMZN) has strategically woven the technology into the fabric of its core operations, including e-commerce, cloud computing, and digital advertising. This integration has played a pivotal role in the company’s robust financial performance throughout 2024. Amazon reported an 11% increase in total revenue, reaching $638 billion for the year. At the same time, net income surged 90% year-over-year to $5.53 per diluted share. A major contributor to this impressive performance was Amazon Web Services (AWS), which remains the company’s fastest-growing segment. AWS reported a 19% increase in revenue for Q4 2024, climbing to $28.8 billion, with operating income growing 47% to $10.6 billion. This growth is driven in part by Amazon’s investment in proprietary AI processors, application-specific integrated circuits (ASICs), which enhance performance and help lower operational costs.
Looking forward to 2025, Amazon.com, Inc. (NASDAQ:AMZN) plans to deepen its investment in infrastructure, with a specific focus on expanding same-day delivery facilities and enhancing its inbound logistics network. The company also aims to introduce more automation within its fulfillment centers and transportation systems to accelerate delivery speed and drive down costs. These investments are aligned with Amazon’s broader vision to maintain its competitive edge through AI and logistics innovation.
Investor confidence in Amazon.com, Inc. (NASDAQ:AMZN) remains high, as evidenced by notable institutional activity. By the end of Q4 2024, Fisher Asset Management held over 45 million shares in the company, valued at around $9.9 billion by the end of the year. Broader hedge fund interest also rose significantly, with 339 of the 1,009 funds tracked by Insider Monkey holding positions in Amazon, up from 286 in the previous quarter. These holdings were collectively worth nearly $69.04 billion, underscoring strong institutional belief in Amazon’s long-term growth potential, particularly as the company continues to lead in AI-driven innovation and infrastructure expansion.
3. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders as of Q4: 317
Fisher Asset Management’s Equity Stake: $11.90 Billion
Microsoft Corporation (NASDAQ:MSFT) showcases strategic leadership across cloud computing, artificial intelligence, and next-generation technologies; in its most recent quarterly results, Microsoft reported a 12.27% year-over-year increase in revenue, reaching $69.63 billion, with earnings per share exceeding expectations at $3.23. This growth reflects the company’s robust cloud segment, which accounted for approximately 43% of total revenue in the fiscal year 2024. Microsoft’s dominance in cloud computing and enterprise software remains a cornerstone of its stability, particularly in the face of broader economic uncertainties and geopolitical risks, including global tariffs.
While Microsoft Corporation (NASDAQ:MSFT) has weathered recent market volatility better than its peers, especially among the “Magnificent 7” tech giants, it still faces new challenges. Following the announcement of global tariffs by former President Donald Trump, Microsoft’s stock declined by approximately 5.8%, which was a relatively modest drop compared to the double-digit losses suffered by Meta, Apple, Amazon, Nvidia, and Tesla. Analysts attribute Microsoft’s resilience to its focus on enterprise software and minimal exposure to physical goods, which significantly protects it from the direct impacts of trade tariffs. Its business model, centered on long-term contracts with corporate clients, adds further insulation from short-term economic shocks.
As Microsoft Corporation (NASDAQ:MSFT) marks its 50th anniversary with a high-profile event in Seattle, showcasing its latest AI advancements, the company is positioning itself for continued growth and innovation. While regulatory pressures and scientific disputes pose potential headwinds, the company’s track record of navigating complex environments, combined with its ongoing investment in cutting-edge technologies, suggests strong long-term prospects. For investors, the combination of financial resilience, strategic focus, and technological leadership makes Microsoft a compelling option, even as the broader tech landscape undergoes rapid transformation.
As of Q4 2024, Ken Fisher held more than 28 million shares of Microsoft Corporation (NASDAQ:MSFT) in his portfolio, valued at almost $12 billion and making it one of the top tech stocks to buy according to the billionaire.
2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders as of Q4: 223
Fisher Asset Management’s Equity Stake: $13.2 Billion
NVIDIA Corporation (NASDAQ:NVDA) continues to assert its dominance, holding an estimated 80% market share in the high-performance GPU market despite the premium pricing of its products. Being the primary supplier of advanced graphics processing units to major technology firms, NVIDIA remains a critical player in the global AI infrastructure race. The recent launch of its Blackwell architecture has further solidified its leadership, offering superior performance and energy efficiency that caters to the growing demands of AI workloads and data center applications.
This technological leadership has translated into exceptional financial performance as well. In Q4 2024, NVIDIA Corporation (NASDAQ:NVDA) reported record-breaking revenue of $39.3 billion, marking a 12% sequential increase and an impressive 78% year-over-year surge. A key driver of this growth was a 93% expansion in the company’s data center segment, which reflects the surging demand for AI capabilities across industries. Looking ahead, NVIDIA projects a revenue of $43 billion for the April quarter, representing a 9% sequential increase and a 65% jump from the same period last year, well above analysts’ expectations of $42.1 billion.
According to analysts, NVIDIA Corporation (NASDAQ:NVDA) is expected to post earnings of $0.93 per share for the current quarter, a 52.5% increase from the same period last year. For the full fiscal year, the consensus earnings estimate stands at $4.41 per share, reflecting a 47.5% year-over-year improvement. While guidance suggests a gradual deceleration in growth heading into FY2026 Q1, the overall financial outlook remains robust. Analysts highlight a significant contraction in the company’s price-to-sales (P/S) ratio, signaling potential undervaluation. Given that revenue growth remains in line with historical averages, analysts have upgraded NVIDIA’s stock to a Buy rating, viewing the current technical weakness and valuation levels as a potential entry point for long-term investors even during a time of short-term volatility, and reinforcing its position as top tech stock to buy in our list.
1. Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders as of Q4: 166
Fisher Asset Management’s Equity Stake: $14.85 Billion
Apple Inc. (NASDAQ:AAPL) remains dominant as a multinational technology company known for its highly innovative electronics, software, and online services. In the fourth quarter of 2024, the company reported strong financial results, with revenue rising 3.95% year-over-year to $124.3 billion while earnings per share climbed to $2.40, surpassing analyst expectations. To reinforce investor confidence, Apple’s Board of Directors announced a quarterly dividend of $0.25 per share. Institutional interest also strengthened, as 166 hedge funds out of 1,009 followed by Insider Monkey held positions in Apple Inc. (NASDAQ:AAPL) by the end of the December quarter, with total holdings valued at $118.6 billion, signaling continued confidence in the company’s long-term growth trajectory.
Amid escalating geopolitical tensions and mounting trade barriers, Apple Inc. (NASDAQ:AAPL) is making a substantial push to expand its domestic presence. The company has committed $500 billion over the next four years to support U.S.-based manufacturing and technological development. Apple also plans to open a 250,000-square-foot manufacturing facility in Texas by 2026, aligning with the Trump administration’s broader initiative to bring high-tech manufacturing back to U.S. soil.
However, this ambitious reshoring strategy has drawn skepticism from industry experts and analysts, who argue that shifting iPhone production to the U.S. remains impractical. Needham analyst Laura Martin expressed doubts about the feasibility of domestic iPhone assembly, stating that such a move would drive production costs dramatically higher. According to Wedbush analyst Dan Ives, an iPhone manufactured entirely in the U.S. could cost as much as $3,500, underscoring the financial burden such a shift would impose. Martin added that reconfiguring Apple Inc. (NASDAQ:AAPL)’s global supply chain would take years, if not longer, and supply chain specialists generally agree that full U.S.-based iPhone production is currently unviable.
At the same time, White House Press Secretary Karoline Leavitt, speaking on behalf of President Donald Trump, maintained that Apple Inc. (NASDAQ:AAPL) has the resources and workforce necessary to manufacture domestically, referencing the company’s $500 billion U.S. investment as evidence of its long-term commitment. Trump remains vocal about bringing high-tech jobs back to the United States, including Apple’s iPhone production, as part of his administration’s aggressive reshoring agenda.
Overall, Apple Inc. (NASDAQ:AAPL) ranks first on our list of top 12 tech stocks to buy according to Billionaire Ken Fisher. While we acknowledge the potential of tech companies, 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 AAPL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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