Warren Buffett and Hedge Funds Are Crazy About These 10 Stocks

2. Visa Inc. (NYSE:V)

Berkshire Hathaway’s Stake Value: $2.32 Billion

Number of Hedge Fund Investors: 166

When it comes to financial services, Visa Inc. (NYSE:V) is one stock that Warren Buffett and hedge funds are crazy about. Its edge stems from the fact that it is one of the largest payment processors in the world, which has shown it has what it takes to navigate any challenging environment. In an era of digital revolution where most transactions are electronic, consumers and businesses rely on Visa Inc. (NYSE:V)’s array of payment services to complete transactions.

Visa Inc. (NYSE:V)’s earnings grew by 11% and payment volume by 8% in Q1, even as consumer purchasing power came under pressure amid the high interest rates, underlines the resiliency of the company’s products and core business.

Visa Inc. (NYSE:V)’s infrastructure and additional services generate sufficient economic worth for bank clients and merchants, ensuring that the potential market for payment transactions will persistently expand at a robust pace. Visa’s enhanced services can be broadened to less advanced, rising non-Visa networks, contributing to developing the comprehensive payment ecosystem that constitutes the extensive global market for payment transactions.

 Visa Inc. (NYSE:V) gained about 22% in 2023, which explains why 166 hedge funds held stakes in the company as of the end of the first quarter, according to Insider Monkey Database.